Multi family refinancing in Connecticut
I've had some success with flipping over the last couple of years, and decided to take the dip into the buy and hold model. I found a great property in Enfield CT, updated the property, and have rented it out to what have been some pretty good tenets so far.
I've been trying to refinance this property for a few months and am having a very difficult time finding a lender that seems to fit the model of what I'm trying to do here.
I'm trying to refi for around 70-75% of he ARV which is just over 300k.
The rent roll is $3350 a month and after reserves for taxes, insurance, etc. it should cap out at around 10%.
I'm trying to keep the title in the business name.
Most lenders I talk to try extra hard to push me into moving the deed to my name, which I'm hesitant to do. The lenders I have tried worked with have had some funky rules about not counting the current leases as income at all because they expire within a year.
If someone has a contact for a investor friendly lender operating in Connecticut, or any advice on how I should adjust my approach to this, it would be greatly appreciated.
Thanks in advance