Refinancing 30 unit property in Georgia
Trying to refinance my 30-unit Georgia Property. The problem is that the Navy FCU has denied the application due to my partner not meeting the desirable credit score of 650+. B2R financing was a no go due to rents needing to meet $500/unit.
Anyway, what are some ways/suggestion to work around this besides keep contacting Loan Officers and Mortgage Consultants for refinancing?
If anything, the lessons here is 1) make sure your partnerships meet the desirable credit score, 2) make sure you meet requirements for B2R Financing, but still a great tool to use when refinancing your property.