~50% LTV Investment property refinance in Elmhurst, NY

[North Coast Financial]

Looking for a NY equity based lender for this investment property refinance loan in Elmhurst.

Fully rented property ($5,800 monthly rent) is worth around $1.1m. Borrower is looking to refinance existing balance of $530k and take ex-wife off of loan and title and then sell in next 12 months.

Borrower's Issues:
- 573 credit score
- Foreclosure in past year

Looking for 9-11% interest and 2-3 points (plus 1 point).

PLEASE EMAIL ME DIRECTLY: jeff@northcoastfinancialinc.com

Thank you,

Jeffrey A. Hensel
North Coast Financial, Inc.
Califorina Hard Money Lenders
2424 Vista Way, Suite 202
Oceanside, CA 92054
(760) 212-5900
CalBRE #01510032