Borrowers with Multiple Financed Investment Properties

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Mortgage and Lending

I am looking for an investor that will accept a borrower with excellent credit, income and strong reserves that currently has 8 financed investment properties. My client wants to refinance 3 of her investment properties. Fannie Mae is currently allowing maximum 4 financed investment properties.  Any Ideas?

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Real Estate General Information
Location:
Maryland
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multiple investment properties
financed investment properties
maximum financed investment properties

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Rainer
258,899
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

Why the refi?  A private investor is going to want quite a bit more of a return compared to traditional lenders.

Private lenders don't have the government guarantees that banks to. So the deal is riskier.

Nov 28, 2008 12:52 AM #1
Rainer
19,741
Hans Iduma
Gaithersburg, MD
Certified Mortgage Planning Specialist

Customer is refinancing because the adjustable rates have either re-set or are about to re-set. She is looking to re-finance into fixed rate mortgages. She would not be interested in dealing with private lenders as in hard money lenders.

Thanks for your comment.

Nov 28, 2008 01:09 AM #2
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Rainer
19,741

Hans Iduma

Certified Mortgage Planning Specialist
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