Rental Property Refinancing
5 Replies
Chris Pena
from Brooklyn, New York
posted about 1 year ago
Hello,
I am looking for a lender where I can refinance 6 rental properties (2 condos and 4 2 family homes) in NJ. The purpose of the refi is to remove them from my personal name and move them into LLCs.
Any suggestions?
Thanks
Charles Carillo
Rental Property Investor from North Palm Beach, FL
replied about 1 year ago
Have you spoken to any local banks or credit unions? I usually find my best financing options from local banks and credit unions....especially for small investment properties.
Chris Pena
from Brooklyn, New York
replied about 1 year ago
Banks are going to look for lots of liquidity to do a 5 property deal.
Robert Tucker
Lender from Denver, CO
replied about 1 year ago
Very Smart move... especially from a liability standpoint.
Message me and I can refer you to a wonderful portfolio lender who offers non recourse portfolio loans at 4.75%.
Mark DiPietro
Rental Property Investor from Mooresville, NC
replied about 1 year ago
@Robert Tucker I’d love to get that portfolio lender option.