Refi / Rental loan upto 80% ltv

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Refi / Rental loan upto 80% ltv

Tomasz Poznanski
Investor · Brooklyn, PA · Member since 2015 · 24 posts · 4 votes

Does anybody know a lender who can do 80% ltv?

i do brrrr strategy in Poconos PA. I did 8 deals past few years. Now i got house I bought and converting into duplex. Arv 450-500k. My monthly rental income will be $ 5000 .

Looking for the most m9ney out of it.

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River SavaPro Member
Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
2y

Hey Tomasz - 

Going to be tough to find a lender that can do a cash out refi at 80% LTV. A rate term at 80% could be feasible but you are probably going to be capped at 75% max LTV if you want to pull equity out.

[email protected]
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  • AJ ExnerPro Member
    Lender · Springfield, MO · Member since 2023 · 651 posts · 314 votes
    2y

    @Tomasz Poznanski

    I am aware of one that can help, just shot you a DM.

    Thanks!

    [email protected]417-427-2612
    0Reply
  • River SavaPro Member
    Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
    2y

    Hey Tomasz - 

    Going to be tough to find a lender that can do a cash out refi at 80% LTV. A rate term at 80% could be feasible but you are probably going to be capped at 75% max LTV if you want to pull equity out.

    [email protected]
    2Reply
  • Tomasz Poznanski
    OP
    Investor · Brooklyn, PA · Member since 2015 · 24 posts · 4 votes
    2y

    Thanks everybody for responses. I find it also that lenders say we do 75 and then even if numbers are good they dont want to do it. :)

    Sure send me info to [email protected]

    if you have any lender info . I have 2 houses i work on now. 

    0Reply
  • Logan Singleton
    Lender · Boston, MA · Member since 2023 · 415 posts · 95 votes
    2y

    Hi, @Tomasz Poznanski. Are your current projects in need of bridge or DSCR funding?

    0Reply
  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    2y

    I've seen it done a few times. Oddly my cousin in Emporia, KS (a town of 30,000) gets 80% LTV loans. In Oregon we've gotten some too. In KC, none. It's usually pretty difficult to find 80% LTV loans for investment properties and that doesn't even include difficulties with hitting bank's DSCR requirements these days

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  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    2y
    Quote from @Tomasz Poznanski:

    Does anybody know a lender who can do 80% ltv?

    i do brrrr strategy in Poconos PA. I did 8 deals past few years. Now i got house I bought and converting into duplex. Arv 450-500k. My monthly rental income will be $ 5000 .

    Looking for the most m9ney out of it.


    Yes - theres a bit of a "glitch" in the system where if you are further leveraged on the purchase/rehab loan, you can get a higher LTV (rate-term refinance up to 80% - generally if you get less than 2% or $2,000 cash-out at close)

    [email protected]
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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y
    Quote from @Tomasz Poznanski:

    Does anybody know a lender who can do 80% ltv?

    i do brrrr strategy in Poconos PA. I did 8 deals past few years. Now i got house I bought and converting into duplex. Arv 450-500k. My monthly rental income will be $ 5000 .

    Looking for the most m9ney out of it.


    You can do a cash out up to 80% LTV on a DSCR loan, however you will need to qualify for that high of a loan amount. The rate will also be higher than if you just did a 75% LTV loan

    [email protected]818-269-7983
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