If you want to finance the property, it would most likely be a bridge loan through a Hard money lender (12-24 months, 20-25 yr amt, 8%-12% rate, PPP).If you choose to close all cash, you may be able to fill in the apartments and negotiate better financing terms than the hard money, backed with several months showing a healthy cash flow and signed leases.Upon stabilization, you'd be able to refinance to a long-term loan with better financing terms.Hope this helps

Remember a high interest rate isn't bad if you plan to refinance.

Will the bank see this transfer and make me refinance into an investment loan?

Good Morning , I am about to refinance 3 of the rental homes I own that our currently own in Texas and was wondering what kind of interest rates you guys are seeing for single family rentals that are held in a LLC's name?

I am in the process of doing a cash out refinance of a SFH.

I am now closing on a refinance which is just for lot 2 and the home on it.Along with the deed of trust for the new loan on lot 2, is there anything the title company needs to be filing to show that I now own lot 1 free and clear?

Something that comes to mind…you could do a cash out refinance if you have equity in the property, in order to purchase your Florida investment.

Cash out refinance of our primary residence How did you add value to the deal?

I know they can do 80% LTV on commercial refinances, for the right assets, but most banks don’t like being in the 2nd position which is likely what you’re encountering.

In my world doing mortgages, I can't tell you how much business I get from telling people NOT to refinance when it doesn't make sense.