Ex: Rental Property A qualifies for a construction to perm loan for renovations on Rental Property B. Rental Property B has a mortgage.
Can you do a cash out refi on Rental Property B immediately after renovations (assuming renovations substantially increases the value) to pay off debt of the perm loan following the construction loan?
| +38 | Where are free agents signing? | 19 | 10h |
| +31 | Laughable Job Posting | 11 | 13h |
| +31 | What Is Your Backup Plan? | 17 | 1h |
| +28 | Future of Real Estate | 8 | 13m |
| +25 | AvalonBay Equity Residential Merger discussion | 10 | 2m |
| +16 | Extremely Slow Ramp Up | 1 | 1d |
| +14 | In RE, what is the ONE software tool you couldn’t survive without? | 5 | 1d |
| +10 | Dynex | 5 | 3h |
| +9 | Development Budget: use RENTABLE or GROSS BUILDABLE sf? | 3 | 2d |
| +6 | Heitman - Chicago | 7 | 10m |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bunp
I mean is it the same LP?
Yes
Sunt ea dicta sed dolorem. Exercitationem et modi omnis ut blanditiis explicabo. In asperiores debitis amet nulla. Amet quaerat deleniti reprehenderit possimus impedit.
Non minus dolores commodi corporis eum alias deserunt. Accusantium qui culpa incidunt. Nobis eos et rerum consequatur iure asperiores voluptatem itaque. Vel sequi molestiae aliquam atque. Consequatur earum blanditiis ut asperiores neque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...