All Forum Posts by: Andrew Zamboroski

Can I find a lender to refinance an investment property that is fully paid off?.  I need to pull cash out.  Please point me in the right direction.  Thanks

We currently have a bridge loans for two portfolios that we need to refinance. We have already refinanced one portfolio with an interest only loan and are looking to continue refinancing the next two with the same company but I am looking to make sure we are getting the best loan package for the next two before we proceed. Any suggestions of lenders for something like this would be appreciated!

 thanks Andrew, can I DM you?

Hello

Hope you are well

Is it worth it to refi? I’m claustrophobic about the IO and wondering if I need to make a switch. Other dscr refis put me at a higher monthly.

Appraised Value $700,000.00

Sales Price $680,000.00

Loan Amount $544,000.00

Payment $3,966.67

TERMS

Tue In 480

Interest Rate 8.750 % Interest Only Months 120

Total Payment (PITI) $4,832.78

APR % 9.065 % Margin % Index % Floor Rate

Floor Verbiage

Convertible: No

PREPAY: YES

1. Hard 60 mths 5.000%

BUYDOWN: NO

Hard Prepay Period 60 mos.

Hi! 

I used a HELOC to purchase two SFH around ~250k each as cash deals about 2 years ago. Are there any options for me to get a fixed rate loan on each SFH so I can pay back my HELOC. The interest rate on the HELOC is 8.5%.

Attempting to find a lender who would be willing to accept cross collateral in the form of a free and clear property to purchase a small multi family property that needs light rehab. Fix and flip loan or DSCR would work for my current needs and situation.

I and the properties are located in Florida of that makes any difference. 

Hi, my goal is to access the equity in the rental property. It's a duplex. It's paid off. I have it in a separate LLC. I would estimate it's value at 130-160k. I don't want a loan larger than 100k.

Most lenders have a minimum of 150k for their DSCR products. Any suggestions if i want to do a smaller amount? I'm in St Louis, MO. Thank you!

Hey guys, I’ve been building a portfolio for a few years of commercial and residential properties, it’s been goin great so far until I feel like I’m running out of cash to buy new ones, currently I’m flipping some properties one at a time to make money to buy more rentals, my problem is when I’m done rehabbing I feel like I want to keep them and rent them out! Everything I have is paid off! What’s the best way to pull my money out of them ? I wanna buy a big multi family project! 

Would like to improve cash flow on 5 SFR, thanks for help.