Cash out refinance on investment property

5 Replies

Hi all, does anyone have any recommendations on a lender that does cash out refinancing on investment properties in northern New Jersey. I have one that does 70% of appraised value so I'm wondering if that is typical now or is there a chance to get a little bit more. 

@Marcin Ferenc I don't think you will find any lender that will do more then 70%. Maybe there is someone that can you give a lender that does 75%.

You're doing very well at 70%.

George Hermann, Halstead Property, LLC

Originally posted by @Marcin Ferenc :

Hi all, does anyone have any recommendations on a lender that does cash out refinancing on investment properties in northern New Jersey. I have one that does 70% of appraised value so I'm wondering if that is typical now or is there a chance to get a little bit more. 

Lafayette Ambassador Bank will do it with 75% LTV. Also PSECU but they are based in PA but mabay you can join, its a credit union also 75% LTV. I have used both of them before.

Call Andy A. 925-364-4345 They do 100% purchase financing and 100% rehab financing. No Lie. But they do have restrictions. Try them.

7574057336 | http://msedlacek.kw.com | VA Agent # 0225223133

Thank you for the recommendations everyone!