I try to focus on revenue producing properties with equity.(currently 72 units with a 10 cap rate and Assistant Living Facility over 90% occupied) In other to acquire these properties I would need a 30-90 day term transactional loan. Following which I will refinance property and pay off primary lender through title company at closing..Risk is low as properties are producing income and I already have a lender who will refinance with no requirement of time owned.
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Could you give me the info regarding your lender who can refinance without title seasoning?
dalston if possible send me an email if you are still looking for a lender thanks