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Rion Manita
  • Real Estate Broker
  • Boston, MA
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Lender dropped cash out refi due to COVID, need to find a new one

Rion Manita
  • Real Estate Broker
  • Boston, MA
Posted Mar 26 2020, 15:27

Hello Biggerpockets,

Hope all is well and everyone is safe and healthy.

I was doing a cash out refi for a three family at a 75% LTV and overnight they dropped it. Sounds like due to liquidity issues. I am sure many of you are experiencing similar things. I already had the appraisal done and we were about to get to the closing. Any recommendations on lenders still doing these, especially ones with little docs required. I need to streamline this. Any info is greatly appreciated.

Thank you

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