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Updated over 1 year ago on . Most recent reply
Long term financing with little to NO seasoning period
Hi everyone, I'm a real estate investor in Philadelphia and have secured hard money financing for my latest investment property. Once the renovation is complete and I rent it out, I'd love to refinance ASAP. Would love any recommendations for long-term financing options that can all but eliminate the seasoning period. Thank you!
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Quote from @Jessica Stern:
Hi everyone, I'm a real estate investor in Philadelphia and have secured hard money financing for my latest investment property. Once the renovation is complete and I rent it out, I'd love to refinance ASAP. Would love any recommendations for long-term financing options that can all but eliminate the seasoning period. Thank you!
Hi Jessica,
You can do no seasoning on a rate and term refinance (just pay off the hard money loan) or up to 75% on a delayed purchase refinance limited to 75% of the PP and rehab cost or Appraised value (whichever is lower)
- Erik Estrada
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