Skip to content
Massachusetts Real Estate Q&A Discussion Forum

User Stats

14
Posts
4
Votes
Tom Rheault
  • Real Estate Agent
  • Worcester, MA
4
Votes |
14
Posts

Looking for advice: cash-out re-fi on a 14-unit in Worcester, MA

Tom Rheault
  • Real Estate Agent
  • Worcester, MA
Posted Jan 15 2020, 11:00

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.

Thanks in advance!

Loading replies...