Quote:
Originally Posted by Slava
What kinds of issues are you running into? I've found the banks/lenders way too lenient for me, but that was about 3-4 years ago now that I think of it and outdated I guess.
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They see the line of credits as revolving (which they are), so when they're doing their debt service ratio tests they use either a portion or the full available amount.. I can't remember exactly.
We were trying to refinance one of our 4plexes to pull some cash out to do some stuff with and that's one of the issues we ran into.. though I don't know if it's the biggest one, our corporate structures were also an issue as well as the # of properties.