What are typical terms to expect when seeking a refinance loan on investment property?
A2. Western New York Realty, LLC can connect you with a loan specialist who is generally able to secure investors loans for 80% of the purchase price, with an interest rate around 8-8.5%. Once you have owned the property for more than 1 year, or you can prove that you’ve made significant improvements to the property (above and beyond what Western New York Realty, LLC does to make it rent-ready), you can then typically borrow against the market value.
