ME, Multi-family, Refinance, $315K, FICO, 70% LTV
Posted on 7/12/2016 9:17:27 AM
I am looking for a portfolio/blanket loan if possible, if not a single loan product works too. I have a six unit and (2) two units. I have rehabbed all units and demand top dollar rent.
Conservative values of $150,000 have been assumed. These types of homes typically sell for more. I’m refinancing so I can purchase more rentals. Experience is over 10 years flipping and renting.
$450,000 * %70 = $315,000
Six unit - gross income $3,800
Two unit A - gross income $2,400 (two 4 bedrooms)
Two unit B - gross income $2,200 (two 3 bedrooms)