Cash out refinance 80 ltv in philadelphia

Cash out refinance 80 ltv in philadelphia

Member since 2020 · 9 posts · 4 votes

Anyone have recommendations on banks in the philly area that will do a cash out refinance at 80% LTV on a property held in an llc? I have only come across one lender so far (PFCU) but they will only do this under their commercial loan term (5 year ARM), i am looking for a fixed rate term. Any suggestions or help? I need it for a brrrr project that's approaching completion and another project in the works.

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  • Jason WrayPro Member
    Banker · Nationwide · Member since 2020 · 2k+ posts · 1k+ votes
    4y

    Chris,

    Send me an email or go to my website that is my specialty!

  • Member since 2020 · 9 posts · 4 votes
    4y
    Originally posted by @Jason Wray:

    Chris,

    Send me an email or go to my website that is my specialty!

     Hi Jason,

    Do i qualify based on the requirements I provided? llc/ 80 ltv/ non arm type loan? I will call you in the morning. Thanks

  • Jason WrayPro Member
    Banker · Nationwide · Member since 2020 · 2k+ posts · 1k+ votes
    4y

    Yes,  Those are parameters that I can work with and set up options.

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