Need Non-Cash Out Refi to 60% LTV for Rental Property in AZ

Looking to refi a condo I own in Scottsdale, AZ, no cash out. I am planning on putting the property into a Fund so am looking for either a non-recourse loan against the entity or a LOC that I can use to leverage the equity for doing flips and growing the Fund. Is this something you can assist with?

Here are the details;

- Owned for 4.5 years

- Owned by my entity K&S Holdings, LLC

- Current est Value $325K

- Current est Payoff $250K

- Looking for a 60% LTV loan for $195K will use cash to pay down (Have $90K liquid available in this entity)

- Current Tenant in their 3rd year of renting, rents are $1,550/mo

- HOA condo dues $285/mo includes insurance + Grayhawk HOA community dues $414/quarter

- Taxes roughly $2,800/yr

Thanks,
Steve McFarlane
Fund Manager - REDA Fund
Partner/CFO - The Platinum Group, Realtors
Office: 719-694-2414

steve@ecospartners.com

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Hi Steve

Thanks for sharing your deal.  I'll send you a private note with an idea that may make sense.

Mike

Hello Steve,

I can offer a fix-n-flip LOC. With $90K in liquidity, you can qualify for up to a $450K LOC. The LOC will provide up to 90% LTC (purchase & rehab) per property purchased. Start streamlining your business now. Contact me (800) 230-1424 to discuss or visit www.1-4investor.com for additional information. No upfront fee!

--
Doug Braxton
Commercial Mortgage Broker
Braxton and Company, LLC
P: (800) 230-1424
E-MAIL
www.braxtonandcompany.com | www.1-4investor.com

Hello,

Do you still need the loan ? Kindly text or give me a call +1 619-738-4937 You can also email me on Rmf_martin@aol.com

Thank you.

Hello,

Do you still need the loan ? Kindly text or give me a call +1 619-738-4937 You can also email me on Rmf_martin@aol.com

Thank you.

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