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Updated over 4 years ago on . Most recent reply

User Stats

24
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3
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Dave Pricken
  • Wholesaler
  • Wayne, NJ
3
Votes |
24
Posts

Refinancing Multiple Rentals with only Income/Expense Figures

Dave Pricken
  • Wholesaler
  • Wayne, NJ
Posted

Hi, I hope this is the right forum.

We have a total of 14 properties / 36 units with great cash flow in Upstate NY that we've owned for almost a year now. We'd like to refi with only the information about the properties income/expenses figures and without our personal assets and  income/tax returns.  Is there a bank that will do this type of loan?   We can use our personal information as back up, but would rather have the properties support the foundation of the loan.    

Also, we use a small local bank for our servicer, would we have any better luck with a larger / national chain bank?

Any help would be greatly appreciated.  Thanks, Dave

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