Cash out refinance on LLC for a SFR in Austin, TX

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Eliott Elias
Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
3y

@River Sava can help! 

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  • Alex Boeger
    Lender · Houston, TX · Member since 2022 · 3 posts · 1 vote
    3y

    Would love to learn more and possibly do a quick quote! Please send me a DM :)

    0Reply
  • Jack Mawer
    Lender · Member since 2022 · 338 posts · 374 votes
    3y

    Hey Varun - I am a lender here in Austin for investment properties - would be happy to discuss your options when it comes to a refinance.

    0Reply
  • Mark D.
    Lender · Pasadena, CA · Member since 2008 · 50 posts · 11 votes
    3y

    Was it a rehab and you are now trying to unclock equity from the new value? Please give more details about the scenario/ 

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    3y
    Quote from @Varun C.:

    Looking for lenders who can do a cashout refinance w/o considering seasoning on a SFR in Austin, TX

    Please share if you have worked with any, appreciate the help. Thank You.  


     Hey Varun, 

    There are quite a few lenders that can do this but rates are typically higher and many have 5 year prepayment penalties. I can recommend a lender that has a 1 year prepayment penalty. Happy to connect

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
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    0Reply
  • Eliott Elias
    Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    3y

    @River Sava can help! 

    1Reply
  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    3y
    Quote from @Eliott Elias:

    @River Sava can help! 


     For sure - seasoning requirement will only be 3 months which is generally equivalent to no seasoning for any real rehabs

    [email protected]
    Harpoon Capital514 Reviews
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    1Reply
  • Jay HurstBusiness Member
    Lender · Dallas, TX · Member since 2017 · 1k+ posts · 1k+ votes
    3y
    Quote from @Varun C.:

    Looking for lenders who can do a cashout refinance w/o considering seasoning on a SFR in Austin, TX

    Please share if you have worked with any, appreciate the help. Thank You.  

     @Varun C.  we do it all the time. 

    Hurst Real Estate, INC4.989 Reviews
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    0Reply
  • Givo Aghasi
    Lender · Los Angeles, CA · Member since 2022 · 238 posts · 73 votes
    3y

    Hi @Varun C. You can use your recent purchase price plus cost of improvement and go up to 75% LTV with a 650 fico and close in LLC.

    0Reply
  • Salvador Auciello
    Lender · Irvine CA · Member since 2019 · 71 posts · 22 votes
    3y

    Hi @Varun C.  Like Givo, said how every I have seen 80% of purchase price plus rehab.  

    0Reply
  • Tristan Pearrow
    Lender · St. Augustine · Member since 2022 · 60 posts · 32 votes
    3y

    Hi Varun, I do these all the time. No seasoning is not a problem. Let me know if I can help!

    0Reply
  • Manju Nat
    Member since 2021 · 38 posts · 15 votes
    2y
    Quote from @Erik Estrada:
    Quote from @Varun C.:

    Looking for lenders who can do a cashout refinance w/o considering seasoning on a SFR in Austin, TX

    Please share if you have worked with any, appreciate the help. Thank You.  


     Hey Varun, 

    There are quite a few lenders that can do this but rates are typically higher and many have 5 year prepayment penalties. I can recommend a lender that has a 1 year prepayment penalty. Happy to connect


     Hey Erik, can you shoot me the name of the refi lender with 1 year prepayment penalty please? Thanks!

    0Reply
  • Jay HurstBusiness Member
    Lender · Dallas, TX · Member since 2017 · 1k+ posts · 1k+ votes
    2y
    Quote from @Manju Nat:
    Quote from @Erik Estrada:
    Quote from @Varun C.:

    Looking for lenders who can do a cashout refinance w/o considering seasoning on a SFR in Austin, TX

    Please share if you have worked with any, appreciate the help. Thank You.  


     Hey Varun, 

    There are quite a few lenders that can do this but rates are typically higher and many have 5 year prepayment penalties. I can recommend a lender that has a 1 year prepayment penalty. Happy to connect


     Hey Erik, can you shoot me the name of the refi lender with 1 year prepayment penalty please? Thanks!


    No reason to pay ANY pre-pay penalty even on a DSCR loan.

    Hurst Real Estate, INC4.989 Reviews
    WebsiteView Page
    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y
    Quote from @Manju Nat:
    Quote from @Erik Estrada:
    Quote from @Varun C.:

    Looking for lenders who can do a cashout refinance w/o considering seasoning on a SFR in Austin, TX

    Please share if you have worked with any, appreciate the help. Thank You.  


     Hey Varun, 

    There are quite a few lenders that can do this but rates are typically higher and many have 5 year prepayment penalties. I can recommend a lender that has a 1 year prepayment penalty. Happy to connect


     Hey Erik, can you shoot me the name of the refi lender with 1 year prepayment penalty please? Thanks!


    Shot you a PM

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    0Reply
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