Seeking Hard Money 2nd Lien or Refi with SS within 2 years....
I have a client that is seeking a 2nd lien on his rental property so he can purchase additional RE. He is taking the hard money approach because he has a SS on his credit 1.5 years ago which takes him out of conventional Refi's.
Any Hard Money lenders out there that will do 2nds? to 70-75% LTV?
Any Private money or Portfolio lenders that will underwrite a cash out refi to 75% LTV with a SS?
Property: Value $210K / Existing 1st $100K / Seeking $50K cash out
Cash flowing rental with $1750 direct deposited from housing authority....
Any suggestions or recommendations would be appreciated, Thanks!
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