We're considering leveraging to buy a complex. We would need to mortgage our existing portfolio, which we own free and clear. Anyone with recommendations for a lender? Any idea on rates, terms, percent of value we could borrow?
You can usually do up to a 75% ltv on a cash out refinance for a 30 year conventional mortgage. Rate have been hanging around 5.75% in my market; some days a little higher others a little lower. I would just call around. I personally like large credit unions.
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