Updated over 3 years ago on . Most recent reply
A Newbie Question About Loan To Value Refinance
Greetings, BP!
I'm having trouble understanding LTV Refinance loans. Let's say I have a 20-unit multifamily apartment that I rehabbed and brought up occupancy rates to the point where the appraised value is $5 million. Does that mean I have to put up 20% of my own money if a lender is ready to give 80 percent LTV? Should I just leave things alone?