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13
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Angela Meraklis-Lyons
  • York, PA
3
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13
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Refinancing: how soon can rents be used in valuation?

Angela Meraklis-Lyons
  • York, PA
Posted

When purchasing a property (multifamily in my case), how long do I have to hold hard money loan (conventional is not an option) before I can refinance with a traditional lender using the income produced by the unit(s)? If the units were rented by previous owner as well, can that be used to show long-standing income history?

Also, as long as the property is producing well and has equity, will it still be difficult to obtain loan through LLC?

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9,937
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10,793
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Chris Mason
  • Lender
  • CA
10,793
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9,937
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Chris Mason
  • Lender
  • CA
ModeratorReplied

Assuming Fannie/Freddie residential financing, immediately.

Assuming Fannie/Freddie residential financing, no LLC at closing.

  • Chris Mason
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