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Updated over 7 years ago on . Most recent reply

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23
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5
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Laurie Chimento
  • Rental Property Investor
  • College Grove, TN
5
Votes |
23
Posts

80% refi possible to complete BRRR process

Laurie Chimento
  • Rental Property Investor
  • College Grove, TN
Posted

Hi all,

We are ready to refi a rental home we bought and fixed up. We have owned it for a year now, so I'm hoping it meets all time requirements to do a refi. The broker I used to do the original purchase can do 15% down on the original purchase. But on a refi, he can only fund 75%, leaving 25% equity in the place. We only want to leave 20% equity in the unit. does anyone have a lender that will do a refi like this only leaving 20% equity in? Thanks for your help! 

Multiple options are welcomed (if they exist). I am in Nashville, TN btw. 

Thanks in advance!

Most Popular Reply

User Stats

2,640
Posts
2,188
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Luka Milicevic
  • Real Estate Agent
  • Nashville, TN
2,188
Votes |
2,640
Posts
Luka Milicevic
  • Real Estate Agent
  • Nashville, TN
Replied

In this order:

Franklin Synergy

Reliant Bank

Cedarstone Bank (Probably will only do a 15yr term)

Civic bank and trust

First Farmers
business profile image
Middle TN Home Alliance
5.0 stars
17 Reviews

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