Updated almost 5 years ago on . Most recent reply
Cash Out Refinance @ 6 Months - 21 Units In Denver
I own a 21 unit mixed-use property (60% apartments and 40% retail space) in a suburb of Denver. I've owned the property for 4 months and am positioned to finish a six-figure rehab on the property in a couple of months. At that time, the property will be in a good spot to do a cash-out refinance given the added value, increased rents, utility billback, and decreased expenses. However, I'm finding lenders require a 12-month to an 18-month seasoning period.
Can anyone recommend a lender or put me in contact with a lender in Denver that doesn't require a 12+ month seasoning period?