All Forum Posts by: Lorenzo D Brooks

Yes It will be in the name of an entity. I have a small local bank that may be able to help but I wanted to have other options just in case that did not work out

David ,I did not pursue the fix and flip loan. What I need is a refi 30 year terms for property that has 6 stand alone houses on 2 seeds.  Can your lender work with this?

https://www.financeofamerica.c...

Financial of America is the name of the lender 

Thanks Nathan,   I'm glad you mentioned the point about the flip and flip loan being in the entities name.   

Thanks Wayne,  From what I am reading its basically a Fix and flip line of credit.

Bigger Pockets I have a lender who is working to get me approved for an exposure line of credit.  With the line of credit the there will be an appraisal on any property I purchase and a closing in 10 to 14 days.    My question is will I able to refi the property with a traditional lender to pay off the line of credit and thus repeat the process.