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Updated 8 months ago on . Most recent reply

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Raymond J. Rodrigues
  • Lender
  • Miami, FL
774
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1,541
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4.8mill refi 5 unit STR property

Raymond J. Rodrigues
  • Lender
  • Miami, FL
Posted

Are there any wholesale lenders that will do a rate and term refi on 4,800,000 loan balance,  5 unit property. Property is worth 7.5m and is a short term rental. About 8 months rental history and cash flows about 80-90k per month. Looking for long term financing, no bridge loans. 

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Helm Mortgage Corp
5.0 stars
100 Reviews

Most Popular Reply

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Erik Estrada
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
1,454
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4,773
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Erik Estrada
#1 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
Replied
Quote from @Ryne Sweeney:

Velocity

 This is a last resort lol. They also might cap the loan amount. 

@Raymond J. Rodrigues I would recommend working with a commercial mortgage broker on this. You don't want to send this to the wrong place... 

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LuxePrivate Investments LLC
5.0 stars
57 Reviews

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