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Author Topic: Refi investment property in Mi.  (Read 1246 times)

Offline robinandkelly

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Refi investment property in Mi.
« on: November 30, 2007, 12:07:34 pm »
We are looking for a lender that will refi 75%+ (prefer 80%)LTV, on investment properties, all properties will be over 65k loan amount -  most properties have 6 months seasoning some only 90 days - one borrower (siva) has more than 10 mortgages, one borrower(full doc) has less than 5 properties. can anybody help?

Offline 4R Management

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Re: Refi investment property in Mi.
« Reply #1 on: December 01, 2007, 10:19:20 am »
I might be able to point you in the right direction.

Where in Michigan do you live?
Are the properties?
Ryan D. Steele
Director, WCRT
"Success By Association"
http://www.WCRT.org

Offline Investment Loans

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Re: Refi investment property in Mi.
« Reply #2 on: December 01, 2007, 11:39:25 pm »
You missed a key point!

What about credit scores?

You describe them as borrowers.  What's your relation to them?

The harder one will be the borrower with 10 properties.  That # of properties will put additional limitations on the # of available lenders. 

There are plenty of lenders at 6 month and even a few for none, especially when looking at full doc.
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