Napa Valley, CA
For this returning client, we were tasked with figuring out a refinance with challenges. The goal was to stabilize a recently-purchased rental property, but the cash flow as it stood would not support a cash-out refinance. With a little creative strategizing, we were able to place her with a 25-year fixed-rate amortizing loan with a 2-year prepay penalty. This allowed her time to remodel, stabilize the property, and make some payments for an operating statement – so that in the near future, we can secure for her a cash-out refinance permanent loan to recoup the investment and purchase more property!
Complicated loan requirements? Let’s put our heads together. Give us a call at (888) 959-1648 or email us at email@example.com.