Where can I get an equity loan on investment properties?
I have several condos that I paid cash for. I would like to h=get an equity loan on them to invest more. by hbtlatti767 from Orlando, Florida. Aug 11th 2017
Rod Synovec (Rod Synovec)
#7 ranked lender in Florida - 3 contributions
Yes. We can do cash-out re-finance on rental properties. Usually at 50% loan-to-value. Sometimes to 60% LTV.
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
More info needed, but in general, you would need to do a "Cash Out" refinance.. Depending on how many financed properties you have, you might be restricted to private funds or a conforming loan. For conforming loans, you can pull out up to 75% Loan to value (LTV).. if you have more than 10 financed properties, then you cannot use conforming loan products. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893
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