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Matt Speer
  • Rental Property Investor
  • Indianapolis, IN
66
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108
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Residential or Commercial Cash Out Refinance?

Matt Speer
  • Rental Property Investor
  • Indianapolis, IN
Posted Apr 25 2016, 17:48

I have two properties with a partner. I'm looking for a cash out refi to put our money to work again. However, I've been told that to get a 75% LTV, I couldn't refi the properties under our LLC.

With just two properties, is the risk of personal liability less and than the more stringent terms of a potential commercial refi? Also, what type of terms could I expect through a commercial loan? 

Context of the properties -- 

Property #1 CFs approximately $1,200/mo (no loan)

Property #2 CFs approximately $400/mo (no loan)

Any advice would be much appreciated! 

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