BRRR financing for high end properties

3 Replies

I'm having trouble pulling enough money out of my rentals. I'm running into only getting 70%LTV or a $483k Fannie Mae limit? Before I spend a lot of time talking with lenders, anyone with advice on a product I should be looking for?

75% LTV is the max for a single family Fannie Mae cash-out refinance on an investment property.

You can find some commercial/portfolio lenders that will go to 80% but the rate/term won't be as good.