Recommendations when financing with a Freddie Mac Small Balance?

[Sean Morrisey]

I am in the process of trying to refinance a 16 unit multifamily building purchase in 03/2018 for $875K and believe it should appraise out for $1.4M given an increase in rents and decrease in expenses over the past 18 months.

Freddie Mac Small Balance Loan appears to be the best product to perform a cash-out refinance, but, wondering if anyone has recommendations (based upon experience) of what to ask a lender or due diligence to perform prior to the refinance to make sure things go smooth with underwriting?

Thanks to all!

[Greg Dickerson]

@Sean Morrisey the main thing is to look at the requirements and documents needed and have that ready in a complete and thoroughly organized hard and digital format and keep it in the the cloud so you can fire it off from anywhere as they will likely ask you for the same info multiple times. 

The more prepared you are with the required documentation the faster and smoother it will go.