Looking for multiple loans

[Jeremy Georghiou]

Hi,

I'm a new investor and I'm looking for two different loans:

1. I need a cash out refi for a home I'm rehabbing with 3 months or less seasoning. Ideally the lender is willing to do 75-80% of ARV and include rental income as part of the valuation. PP $115K, adding $35k in rehab, and aiming for a $200k+ ARV.

2. I also need funding to purchase turn-key units in the $60-95k range with the ability to close in two weeks or less.

I have great credit and cash reserves and a strong team in STL.

Once done refinancing this current rehab I'll also need some bridge loans.

[Erik Estrada]

Quote from @Jeremy Georghiou:

Quote from @Erik Estrada:

Hi Jeremy, 

Is property #1 complete? Or do you need financing to complete it? How many fix and holds/flips have you completed in the last 36 months? 

Property #1 is in progress. I have a bridge loan but looking to refinance when it's done in less than the six months required by the lender. This is my first fix and I plan to hold.

Got it. A few DSCR lenders do not have a seasoning requirement. Happy to connect