NH - looking for a commercial equity line to pull the initial investment i made into a 4unit building to hopefully get into another one later this year. are there any institutions out there that will exceed the typical 75% LTV to get as much $ as possible? thanks
if the loan is large enough you can get a second, why not just refinance entirely?
i wouldn’t be against that at all! if i could refi and get enough to cover the 5% at the same time, i’d deff do it. it seems like most commercial refi/cash out products i’ve found won’t go past the 75% either though, so the 75% plus a 5% early term fee would be cutting quite deeply into the amount i’d be able to take out as opposed to a bank that might go second position and lend past the 75%. mare you aware of any lenders that would go higher on a cash out?
if the loan is large enough you can get a second, why not just refinance entirely?
i wouldn’t be against that at all! if i could refi and get enough to cover the 5% at the same time, i’d deff do it. it seems like most commercial refi/cash out products i’ve found won’t go past the 75% either though, so the 75% plus a 5% early term fee would be cutting quite deeply into the amount i’d be able to take out as opposed to a bank that might go second position and lend past the 75%. mare you aware of any lenders that would go higher on a cash out?
No, not likely. It depends on your net worth and loan size. What are we talking about?