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Updated over 6 years ago on .

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Arsen Atanasovski
  • Investor
  • Rochester, MI
583
Votes |
1,030
Posts

Refinancing help options

Arsen Atanasovski
  • Investor
  • Rochester, MI
Posted

Hello BPers,

I have 2 SFHs, in Pontiac Michigan, I have recently (2 weeks) ago did appraisals on both they came back low for the bank I was going through.

I am seeking a lender that would refi these 2 properties for me in a 10-20-30year loan it really doesn’t matter.

The properties combined appraised for $94,000. I am looking to pull at least $64,000 total.

They are both rented combined generating $1640 a month.

1 tenant has been there for 1 year and planning on staying for another 3 years under contract for another year.

The other tenant has been there for 8 years and not planning on moving.

If there is any lenders out there willing to take this on please contact me.

[email protected]

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