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Forums » Seeking Financing, Money, or Loans » Seeking Information on Out of State Property Loans

Seeking Information on Out of State Property Loans Subscribe to Seeking Information on Out of State Property Loans

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Tag Tags: out-of-state loans refinancing mortgage


Malhar B.

Rehabber · New York, New York


Forum_avatar_avatar-malharb

Icon_minipost Sep 02 '09, 03:40 AM

Hello,

I own property out of state in several cities. I live in NJ and have been investing out of state for a couple of years now. I have several private lenders and partners I work with, but I'd like to refinance the money in our deals so we can free up some much needed capital. Does anyone know of someone that can refinance positive cash flowing properties for out of state investors that own property in Indiana, Missouri, and Georgia? I've tried contacting local banks in these states and they all tell me that I have to be a local resident. As you might know, the big banks aren't really giving out loans on investment property that is located out of state. Are there any mortgage brokers out there that can help? Thanks in advance!

Malhar

Edited: 06/26/2010 at 09:35AM


Valerie Pedigo

· Panama (South of Buffalo), New York


Forum_avatar_avatar-visionpointe

Icon_minipost Sep 10 '09, 02:35 AM

Hi Malhar,

I can fund in Missouri and Georgia - out of town owner is not an issue, as long as the deal meets conventional guidelines.

Phone number is in my signature.

Thanks!

Edited: 06/26/2010 at 09:40AM


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