Posted on: 22nd Jun, 2011 07:25 am
we (company) have the ability to buy an multi family house in commercial mixed zone. house is vacant so we can use also for office, house is believed to our headquarter in ohio.
is it possible to refinance this house instantly after we purchased it? value is $115,000 purchase price well below $70,000 and we want only a 40% ltv mortgage.
thanks for your responses.
is it possible to refinance this house instantly after we purchased it? value is $115,000 purchase price well below $70,000 and we want only a 40% ltv mortgage.
thanks for your responses.
Commercial loans are not regulated as residential loans. If you are paying cash for the property and want to refi shortly after, you can try community banks and private money/hard money lenders in your area.
You can try to get loan from money lenders and the finance houses for this or you can ask any of your frnd who is having money or any contacts which can generate some finance for you .thanks hope u soon be able to buy that house. Take care
Refinancing the house quickly would be tough but you must make the big payment then only you will be able to get the refinance the loan.