Real Estate Agent · Worcester, MA · Member since 2016 · 14 posts · 4 votes
Does anyone in MA (central or eastern) have recommendations for any particular lenders who would give a favorable LTV for a 14-unit cash-out refi? The property has a current value in the $1.3M - $1.5M zone. We have around a $500K balance. Looking for a high LTV on a cash-out. Have done many cash-outs with some smaller 3-unit multis in Worcester, this is the first for a larger complex so I figured I'd put the feelers out there for any positive experiences with similar sized properties.
Rental Property Investor · MA · Member since 2018 · 34 posts · 11 votes
6y
I’ve refinanced 2 multi families in Worcester with Penfed. Pretty easy to work with, just go to the website & with a little bit of digging you will find this product.
Real Estate Agent · Lowell, MA · Member since 2019 · 1k+ posts · 1k+ votes
6y
Talk to Kara Doyle at Jeanne D’Arc Credit Union in Lowell. They have some pretty good commercial products especially if they think it could be a long term relationship. PM me with you email address if you want me to make an introduction.
Rental Property Investor · MA · Member since 2018 · 34 posts · 11 votes
6y
I’ve refinanced 2 multi families in Worcester with Penfed. Pretty easy to work with, just go to the website & with a little bit of digging you will find this product.