Hello,

I own a property that has no loan on it in Detroit and I'd like to see if I could refinance some money out of the property. It is in the $50K range which I know makes it a little difficult to find lenders at that price, however, I figured I'd ask. 

I would appreciate if anyone had any suggestions on local banks or lenders who you've had a positive experience with. Appreciate any input.

Chris

I know Caliber Home Loans work on a lot of non-traditional loan products. You could try to contact them to see if they might be of assistance. 

Tom Slater is who I would contact. 

https://caliberhomeloans.com/loan-consultant/michi... 

ok thanks @Michael O. I have a loan with them on another property in jersey ha. Hadn’t even considered them.

@Chris Schoonhoven oh, perfect. Hope they can help!

did it work for you @Chris Schoonhoven   would love to know, have 6 rentals in Detroit currently. 

Hi @Ericka Williams yes - I found a great lender and am happy to share their contact with you... message me if you'd like their information... (I will post their contact information here as well, I just asked for their approval first before doing so). 

Thanks for sharing this information Chris.

I also will like to get some equity out of my Detroit homes.

Appreciate this.

Will you be ok to share your contact person?

Thanks.

Best.

Hi @Chris Schoonhoven: wondering if lender gave you ok to post info, very interested. Appreciate the you sharing