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Multi-Family and Apartment Investing

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Sean Morrisey
  • Residential Real Estate Broker
  • Aurora, IL
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96
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Recommendations when financing with a Freddie Mac Small Balance?

Sean Morrisey
  • Residential Real Estate Broker
  • Aurora, IL
Posted Jul 15 2019, 04:19

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!

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