All Forum Posts by: Tarik Turner

It would have to be done at the closing of your refinance 

You can borrow funds in either your personal name or entity name.

Most non conventional lenders prefer you use an entity however their are a few who (Depending on the state) will lend to you in your personal name

All long term lenders have a credit minimum,  credit also typically dictates rate

There are 80% LTV Refi options but the rates tend to be slightly higher

Is this going to be an owner occupied property?

Your HML would have to be a first position lien.

You maybe able to find a lender who can do a second on the property behind the seller financing however they probably will not want to over leverage the subject property

Do you have another property (Even a primary) with equity that you can cross collateralize with the subject property?

You can get a refi in a shorter time period at around the same rate.

Also typically the higher the LTV the higher the rate

What are the numbers on this deal and what city is it located in? 

If it is not over leveraged and the Lender allows it, you maybe able to place a second on the property (very rare but I've seen it done)  the additional collateral shouldn't be leveraged over 60% 

what is the average value of your properties