Looking for a cash out refi lender in the Philadelphia area

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Looking for a cash out refi lender in the Philadelphia area

Michaela Hayes
Wholesaler · Philadelphia, PA · Member since 2016 · 14 posts · 1 vote

Hi Im an investor out of Philadelphia and Im looking for any lenders/banks that will do a cash out refi with 80% LTV? Im looking for a fast closing, I have title report and appraisal already in hand, just looking to see what my options are with lenders, thank you!

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Joe White
Property Manager · Philadelphia, PA · Member since 2015 · 515 posts · 196 votes
9y

Talk to @Joseph Scorese he can guide you. 

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  • Michaela Hayes
    OP
    Wholesaler · Philadelphia, PA · Member since 2016 · 14 posts · 1 vote
    9y
    Originally posted by @Ramon Collins:

    75% LTV is available

     Hi is there anyway you could discuss terms? 

    0Reply
  • Joe White
    Property Manager · Philadelphia, PA · Member since 2015 · 515 posts · 196 votes
    9y

    Talk to @Joseph Scorese he can guide you. 

    1Reply
  • Joseph ScoreseBusiness Member
    Banker · Philadelphia · Member since 2009 · 2k+ posts · 642 votes
    9y

    Thank you @Joe White!

    Spoke with @ and wheels are in motion!

    0Reply
  • Harjeet BhattiPro Member
    Lender · Glenview IL- CDLP NMLS#230554 · Member since 2015 · 2k+ posts · 747 votes
    9y

    75% is the max cash out on one unit depend on when you bought this property.  

    0Reply
  • Michaela Hayes
    OP
    Wholesaler · Philadelphia, PA · Member since 2016 · 14 posts · 1 vote
    9y
    Originally posted by @Harjeet Bhatti:

    75% is the max cash out on one unit depend only when you bought this property.  

    Hi purchased property about a year ago this month.  

    0Reply
  • Vamsee Lella
    Chantilly, VA · Member since 2015 · 48 posts · 6 votes
    9y

    Hi folks, I am in the same situation as Michaela. I am trying to do a cash out refinance of my rental property that I have owned for over 3yrs now. I quit my full time job December of last year and will not have a W2 income or other income to show. Wondering what my options are.                                   Hi Joseph and Harjeet - I will reach out to you folks on the side

    0Reply
  • Michaela Hayes
    OP
    Wholesaler · Philadelphia, PA · Member since 2016 · 14 posts · 1 vote
    9y
    Originally posted by @Vamsee Lella:

    Hi folks, I am in the same situation as Michaela. I am trying to do a cash out refinance of my rental property that I have owned for over 3yrs now. I quit my full time job December of last year and will not have a W2 income or other income to show. Wondering what my options are.                                   Hi Joseph and Harjeet - I will reach out to you folks on the side

     Hey contact me I'll share what information I gathered so far 

    0Reply
  • Vamsee Lella
    Chantilly, VA · Member since 2015 · 48 posts · 6 votes
    9y

    Thanks Michaela, I will PM you.

    0Reply
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