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Updated almost 5 years ago on . Most recent reply

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Refinancing options for multi-family property in Albuquerque

Posted

I'd appreciate some feedback from those investing in Albuquerque around refinancing a mutli-family property where I'm finishing up the rehab.  

Do you have to wait the full 6 months of seasoning before moving on a refinance?

How long has the refinance process taken for you?

Do you have recommendations for individuals or companies you've worked with in the area to move this forward?  

There's a lot of uncertainty right now, though the RE market is still strong.  I'm hoping to finish the refinance before any further economic issues, as I'd like to leverage what's leftover from the refinance for opportunities if there's a market downturn.  

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114
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Sean Gover
  • Rental Property Investor
  • Corrales, NM
28
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114
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Sean Gover
  • Rental Property Investor
  • Corrales, NM
Replied

Just completed one recently at Sandia Federal with Gabe Fernandez.  Can't answer the seasoning question since we've had the property for about 9 months before starting the process.  

The loan did take a bit of time to process due to their workload but Gabe is a top notch guy and knows how investors think.  I give my highest recommendation to him and Sandia. 

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