Seeking $147K straight refi on 2-unit Rental in Jacksonville, FL
I have a 2 unit rental in Jacksonville, FL. Original plan was to refi conventional, but the appraisal came back just a little too low and I owe more than the 75% LTV the conventional lenders are setting. See below for details. Send me a message if interested.
- San Marco neighborhood
- 2/1 bungalow up front. 1/1 apt over the detached 2-car garage in the back.
- 100% rented. 1 year leases in place (9 and 11 months remaining)
- Earning $1595/m ($745 and $850)
- New roof last year
- New sewer and water service last year
- Borrower has 800+ FICO score
- Borrower has W-2 income
- Property was seller-financed. Borrower owes $147K.
- Recent appraisal performed. $190K. = 77.4% LTV
Looking for