Looking for potential morgage loan/equity line

[Boris Seroshtan]

Hey guys,

looking for recommendation of a loan officer for a property in Indianapolis (just finished complete renovation) 

Any feedback would be appreciated!

[Tyrek Brown]

Hi Boris!

If you just completed the renovation, most lenders are going to want to see the property seasoned for 3-6 months and rented before they look at doing a refinance. However, there are some lenders that will do what is called a "no seasoning on value". This means that they refinance based on the current value of the property within 6 months of purchase.

You'll also want to keep in mind that many lenders have a max loan amount of 100k. Once again though, there are exceptions out there.

If you are interested in going over options, shoot me a DM!