Cash-Out Refinance for Investment Property Partnership Buyout
- Price: $1,973,400
- Property Type: Residential
Property Description
Cash-Out Refinance for Investment Property Partnership Buyout We recently helped a borrower complete a cash-out refinance on a two-unit property to facilitate a partner buyout and gain full ownership of the investment. Because the borrower was self-employed, traditional income documentation was not the best fit. Instead, we utilized a 12-month bank statement loan program, allowing the borrower to qualify based on cash flow reflected in their business and personal bank statements rather than tax returns. The refinance provided the funds needed to buy out the existing partner while preserving the property's long-term investment potential. This transaction demonstrates how alternative income documentation programs can help self-employed borrowers achieve important business and real estate goals that may not be possible with conventional financing.
Property Details
| Price: $1,973,400 |
| City: Los Angeles |
| State: CA |
| Zip Code: 90019 |
