San Jose, CA · Member since 2014 · 118 posts · 24 votes
Hello, A buddy of mine needs to get 3 of his rental properties refi/cashout in the Bay Area. He's looking for a lender who will get him 3% to 3.65% no cost only title fees.....
2 of the assets are a 4plex and one is a sfh with an inlaw unit.
Please do me a favor and tell me when you find that deal at no points on a series of non-owner-occupied four-unit properties with concorrent closings, and who gave it to your buddy, so I can switch employers post-haste. :P
Or did your friend mean on 15 or 10 year fixed mortgages?
Please do me a favor and tell me when you find that deal at no points on a series of non-owner-occupied four-unit properties with concorrent closings, and who gave it to your buddy, so I can switch employers post-haste. :P
Or did your friend mean on 15 or 10 year fixed mortgages?
Investor · Decatur, GA · Member since 2015 · 56 posts · 38 votes
10y
Hi Raj,
Are the properties under a LLC or under his personal name. Most commercial loans are priced between 5 and 6 percent with closing costs. Like Chris Said, it would be very challenging to get 3 to 3.6 rate even under a personal loan.. Good luck!
San Jose, CA · Member since 2014 · 118 posts · 24 votes
10y
Easy Chris LOL I am just writing what he is shopping for and no they're no in an LLC. I think it's very possible to find such rates and no point/no fee loans if you look hard enough. Always be optimistic in life my friend. Funny we had lunch the other day with a few agents we have purchased properties through. They all said "There is no more delays, it's impossible to find anything" 24 hours later my business partner locked in a 4plex for $585k which is worth $975k right now. Mindset, network, work hard and luck will come your way. Anyways here is one company that is pretty close: