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!
