Loan scenario: MO, $100,000-500,000, 650+, 50% LTV, Refinance, full, NOO
Property type: SF
Loan purpose: Refinance
Owner owns 12+ homes debtfree and is looking to pull some equity from this valuable group of homes to aquire more single family investment properties. Current net cash flow is able to cover the new note 4+ times over due to excellent management, low vacany rate, and excellent returns on investment.
by PalmerRealEstate August 7, 2012 6:02 PM
not sure if you are looking for a non-prime or hard money situation, but our guidlines permit the amount of properties that your borrower owns. If you would like me to take a look at the deal, let me know.
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by paulbrowninvestment January 7, 2014 2:08 AM