Multi-Family Refinance(s) wanted
Okay, BP: who has a loan product for me in the state of Washington?
• Long-term hold product
• amortizing OR interest-only, (as long as no pre-pay penalty)
• 75% LTV
• Cash-out refinance
• 1-4 & 5+ multi-family properties
• No seasoning requirements for length of ownership (Value property based on current appraisal)
• No seasoning requirements for existing tenants
• Appraisals will take income valuation into account, not solely sales comps.
• Credit scores 650+
• Borrower income not verified; (property incomes all rented and stable)
• Interest rates at 7.5% or less
• Possible Portfolio loan options
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What I have for you:
1x SFR
3x Duplexes
4x 3-Unit
3x 4-Unit
1x 5-Unit
1x 6-Unit
1x 10-Unit
...all performing and managed by a professional property manager.
...all owned in various entity names, which can be consolidated or changed around as necessary.
Contact me and let's put something together!
Most Popular Reply
have you already tried COGO, right there in CDA?