Lender for Cash-out Refi Recommendation - FL

[Mike Whelan]

Hi, I'm within a few weeks of completing a renovation on a multi-family property I purchased with cash. Does anyone have any recommendations for lenders that have competitive rates for a cash-out refi and does not require a seasoning period? We'll be all-in at $380k in cash and the property should appraise between $520-$550k. Just like most of you, I'm sure, my goal is to roll the cash into more properties and continue doing this so I'd love to have someone reliable to go back to over and over again versus having to shop rates all over again.

Thanks!

[Jack Mawer]

Mike, a DSCR loan would be in your best interest. When did you purchase the property? Most lenders do require a seasoning period, but it is usually under 12 months.