Invest Prop Refinance

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Looking to refinance out of a hard money loan and place permanent financing on a two unit investment property in 20001 zip. Gross is a fully documented $14k per month and I have fair credit. I'm looking for LTV of at least 60%. No second mortgage on this property. Hard money loan term expires in July.

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Good afternoon and thank you for your inquiry. First and foremost, I need to get a better and more accurate understanding of what you mean by fair credit? Do you happen to have a credit score? Based upon the additional information given in your line of questioning, a cash out refinance on a 2 unit investment property at a loan to value of 60% or less would not be a problem. Feel free to contact me direct with this information and to discuss your situation further.

Warmest Regards,
Michael C. Parsons
Chairman
Apex Home Loans, Inc.
240-268-3053 Direct
301-440-3864 Mobile
mparsons@apexhomeloans.com
NMLS #13403

Answered By: Michael Parsons Level Rating

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