Looking to cash-out refi in Cincinnati

[Garrett Kaiser]

Cincinnati area (but could be anywhere in OH/IN/KY - I'm operating an LLC and have a small-value triplex purchased in cash and am looking at a refi lender that can accommodate:

-LLC ownership

-small value loan ($50K-$75K note)

-ideally an income-based appraisal without a seasoning period (since it was a cash purchase).  A market-based appraisal could also work, but the seasoning period (12-months) based on the last purchase price is causing problems.

Does anyone have any insights into a local lender who approaches lending in this way?  Is this possible in this market?

[Joe Walker]

Following this post, I'm in the same boat with a single fam in Forest Park but not doing this in an LLC (yet). I would like to be able to refi based on appraised value as soon as my rehab is finished, 2 months after purchase.

I've called a lot of the local banks and they're all going to be in the same boat at 6 months to a year of seasoning.  I found a mortgage broker that would do it in 4 months.   PM me if your interested in that contact info.

Also, I know a hard money lender with a 30 year fixed product.  He's 2.5 points and $1000 loan fee.  Pm me for that as well.