Question Details

David Dent,  in Atlanta, GA

Any lenders offering more than 4 loans on cash out refi of investment properties? Rates? terms?

Asked by David Dent, Atlanta, GA Mon Oct 3, 2011

Have 4 LOC on other properties , and looking to cash out refi on several other "free and clear " cash flowing rentals.

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Answers

3
I can do it, you can contact me at annettelevinson@chicagobancorp.com
0 votes Thank Flag Link Mon Oct 3, 2011
Hi David,

Yes, I can think of several who lend in California, but you should contact a mortgage broker in your area.

Best regards,

Elva Wormley
C2 Financial Corporation
0 votes Thank Flag Link Mon Oct 3, 2011
you will need to speak to lenders but the most important issue is how do you hold title? if its in a corporation, you will need a commercial loan most likely...if it is in your name, provided your credit and income numbers match up, you should be able to do 75% LTV cash out up to 417k.....however, a caveat...you will pay larger fees...minimum of 1.75 points of more....call a lender more more details
0 votes Thank Flag Link Mon Oct 3, 2011
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