Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

76
Posts
18
Votes
Dan K.
  • Investor
  • Dallas, TX
18
Votes |
76
Posts

No seasoning refinances, less than $75k

Dan K.
  • Investor
  • Dallas, TX
Posted

Help! My current lender is no longer doing 70% LTV refinances on properties purchased with hard money loans.

I am looking for a lender that:

-Lends in MN and or WI.

-Lends at 70% LTV

-No seasoning period (I have two properties now that are ready to refinance, both of which I've purchased in the last 1-2 months).

-Can - and will - complete refinances in 45 days.

-Lends on lower loan amounts ($60k and $70k respectively).

-Closes loans. (I've talked to a few brokers that ultimately can't close loans).  Action > talk.

-Communicates well (worked with a lender that disappeared for days or weeks at a time, and am not open to reliving that).

-Can use leases to verify income on rental properties (most of my properties will not have rental income appear on taxes since they were just purchased this year).  I will not qualify without this.

Please message me with leads or suggestions! 

Dan

Looking for

Loading replies...