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Private Lending & Conventional Mortgage Advice

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Casey Havenor
  • Real Estate Investor
  • Waunakee, WI
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Turned down for Refi -- Where should I look for lender?

Casey Havenor
  • Real Estate Investor
  • Waunakee, WI
Posted Sep 22 2017, 09:06

I was turned down by my current lender for a refi-loan on my condo due to the following reasons.

- 35% of the units are owned by a single investor (this needs to be under 10%).

-only 31% of the units are owner occupied or second homes.

- 25% are past due on the condo dues. (Not a big deal not as most are only like 20 days out.)

- Rental - commercial property.

Where should I look to find a lender to handle a deal like this in WI? 

Thanks!


Casey

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