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Updated almost 2 years ago on . Most recent reply

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Mikhael Brown
5
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8
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Refinancing Medium-Term Rentals

Mikhael Brown
Posted

Has anyone successfully refinanced MTR property after 6 months - 1 year after placing it on the market? 

  • Mikhael Brown
  • Most Popular Reply

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    Alex Bekeza
    • Lender
    • Los Angeles, CA
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    Alex Bekeza
    • Lender
    • Los Angeles, CA
    Replied

    @Mikhael Brown If the long term market rates would have you debt covering on paper then you can actually cash out a MTR as early as 90 days of title seasoning (yes, using the new appraised value as opposed to purchase cost). Most DSCR lenders consider any lease greater than 30 days to be long term.

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