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Refi investment property in Mi.
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Topic: Refi investment property in Mi. (Read 1312 times)
robinandkelly
Member
Posts: 1
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?
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4R Management
Member
Posts: 371
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?
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Ryan D. Steele
Director, WCRT
"Success By Association"
http://www.WCRT.org
Investment Loans
Member
Posts: 1062
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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* 314-914-6052
1-4 Unit Investment Properties
Hard Money Rehab Loans * 24hr/1 day double close funds * Portfolio/Commercial/Business Options * No Seasoning Refis
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