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Updated over 5 years ago on . Most recent reply

User Stats

11
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1
Votes
Greg Bennin
  • Real Estate Investor
  • Salt Lake City, UT
1
Votes |
11
Posts

Multiple cash out refi and construction loan at same time

Greg Bennin
  • Real Estate Investor
  • Salt Lake City, UT
Posted

Should I do cash out refi's on two homes at once (duplex with 2 different parcel numbers)? In addition to wanting to complete 2 cash out refi's I need a construction loan for an apartment building to start in May. Equity, Debt/income, DSCR are all fine, I'm just curious if lenders red flags will go up if I do all these loans all at once with different lenders, the properties are in different states. The coronavius has really lowered rates quiet a bit. However the wall street journal prime rate hasn't moved yet which is a bummer.

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