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Updated 4 months ago on . Most recent reply
Cash Out Refi Option
Hi everyone! My company builds and sells single family homes in SW Florida. We have a couple of houses that we would like to hold on to for now and possibly sell in a couple of years. We currently have a construction loan on the properties and we would like to refi to a more conventional loan. I was wondering if anyone has a suggestion as to how to go about it. DSCR won't work for us because given the rent roll we would only be able to be at 65% LTV, and we are looking to be at 70%-75%. Any ideas? I was looking into bank stamens loans as well but I'm not sure if that would be the best option for us currently. Thanks in advance, your help is appreciated.