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  1. #1

    Experienced rehabber looking to refinance 3-plex and 4-plex in FL

    I have a client in Jacksonville, FL looking to refinance out of two hard money loans on a 3-plex and a 4-plex. He is VERY experienced and does incredible work on his projects. He owes $180,000, looking for $200,000, combined value of $410,000. He used his own money for the rehabs and maxed out his cards, which dropped his FICO down to 631. That presents a problem for getting a decent rate with the typical lender. He needs to have a rate in the 7% range or better. He will have his score back up within 2 - 3 months. The units are 100% leased. He will also be a repeat customer.

    Tom Harrier
    Integrity Commercial Loans, LLC
    407-928-8542
    broker@tomharrier.net

  2. #2
    Senior Member Reputation points: 34509 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    838

    unfortunately 7% won't be possible with that score.
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  3. #3
    If he can get his score up to 640 or above contact me.

    Michael Cooper

    michael@2getfunded.com

  4. #4
    Banned Reputation points: 12
    Join Date
    Mar 2020
    Posts
    160

    Anthony Auriemma
    Phone : 848-480-1814
    Fax: 888-440-1760
    Cell: 732-552-5010
    Email: anthony@BilderbergBusinessLenders.com

    www.BilderbergBusinessLenders.com

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