Escrow Officer · Indianapolis, IN · Member since 2017 · 86 posts · 44 votes
9y
Mihir,
I have dealt with Shawn Huss at Chemical Bank on multiple transaction & I can attest that he is great to work with. You can also reach out to Brad Barkley at Bloom Bank out of Carmel, Indiana. If these (2) do not fit with what you are looking for, please let me know as I can probably give you a few other names.
Investor · Indianapolis, IN · Member since 2016 · 221 posts · 134 votes
9y
I don't have an entity yet, so It's just in my name. I put 10% down and I forget what the interest rate was, but I think in the low 4's. It's a 30 year fixed and it was lent to me as a "vacation home" since I was out of state at the time. He lends on all different price levels. Give him a call. He is open to answering questions and he could tell you more than I can.
Escrow Officer · Indianapolis, IN · Member since 2017 · 86 posts · 44 votes
9y
Mihir,
I have dealt with Shawn Huss at Chemical Bank on multiple transaction & I can attest that he is great to work with. You can also reach out to Brad Barkley at Bloom Bank out of Carmel, Indiana. If these (2) do not fit with what you are looking for, please let me know as I can probably give you a few other names.
Investor · Indianapolis, IN · Member since 2016 · 232 posts · 133 votes
8y
@Justin Young I touched base with bloom bank but i haven't received a response from them. I've connected with chemical bank before and Shawn sounds promising
There are numerous banks that do a cash out refi after 6 months. I've had trouble getting hold of Bloom Bank- but they're restricted to 4 loans. Key Bank does refi in 6 months and allows upto 10 loans. State Farm also does cash out refi in 6 months and upto 10 loans. I currently have mortgages with them. Feel free to reach out. The communication is fairly quick.
Rental Property Investor · Los Angeles, CA · Member since 2017 · 30 posts · 9 votes
8y
Some updates about the earlier posts: "Brad Barkley at Bloom Bank", Bloom Bank, now taken over by Mutual Bank. Brad Barkley currently looking after commercial lending (not individual mortgages) and no longer handles mortgages.
Oceanside, CA · Member since 2016 · 46 posts · 21 votes
8y
Forgive my ignorance, can one get a loan from an out of state bank for a cash-out refi?
The reason I ask is, I've heard from a prominent investor here in So. Cal. that Cathay Bank does not require any seasoning for this. Apparently, he has bought several Trust Deed sales where he's done this in the past but I haven't verified this.