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Updated about 8 years ago on . Most recent reply

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6
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Jo Cole
  • Investor
  • Bayonne, NJ
0
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6
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Bank Financing of 5 and 6 family investments in NJ

Jo Cole
  • Investor
  • Bayonne, NJ
Posted

Hi, I currently own a 6 unit building that has a mortgage of about $200K.  I believe the building is worth $800K so I'd like to refinance and cash out another $300K to fund another investment (approximately $500K mortgage to replace my existing $200K mortgage).  I'm looking for a 20 or 30 year fixed rate mortgage.  Can anyone recommend commercial banks in NJ that can offer rates?  I'm looking to do this asap.  

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