Looking for lender that does cash out refi. 90% LTV and favorable terms

[Shaqiul Chowdhury]

Hello all,

I fully renovated a property in Decatur, GA but it has been sitting in the market for a while and I'd much rather keep it for a few years and watch it appreciate further than take a loss as it is a great property in a great part of Decatur. The house will surely continue to appreciate while I either rent out the property or Airbnb it. I currently have a hard money loan on the property and am shopping lenders to cash out refi. Is there any recommendations for lenders that would do a 90% LTV with favorable terms? My credit is still very strong and I would refinance and keep it within an LLC.

Would appreciate any insight or help as it has been a very stressful time and I am looking to move quick on refinancing. Thanks in advance.
 

[Stephanie P.]

Quote from @Shaqiul Chowdhury:

Hello all,

I fully renovated a property in Decatur, GA but it has been sitting in the market for a while and I'd much rather keep it for a few years and watch it appreciate further than take a loss as it is a great property in a great part of Decatur. The house will surely continue to appreciate while I either rent out the property or Airbnb it. I currently have a hard money loan on the property and am shopping lenders to cash out refi. Is there any recommendations for lenders that would do a 90% LTV with favorable terms? My credit is still very strong and I would refinance and keep it within an LLC.

Would appreciate any insight or help as it has been a very stressful time and I am looking to move quick on refinancing. Thanks in advance.
 

90% cash out doesn't exist.  90% with favorable terms really doesn't exist.

Not sure how you got into this situation using hard money (usually they have a tighter lid on the numbers), but regardless, sell the property and try to get out of it before the HML gets a chance to foreclose.