I'm looking HML, PML or any Lender for Cash-Out Refi – 3-Unit Investment Property in Puerto Rico (Fast Close)
Hello,
My name is Rey Rivera. I’m looking for a cash-out refinance with a fast closing** for a 3-unit investment property located in the Río Grande area of Puerto Rico.
Property Details:
Property type: Multifamily – 3 units Layout: 6 bedrooms | 4 bathrooms total
Current condition: Approximately 80% complete
Kitchens have not been installed yet
Only 1 of the 4 bathrooms is fully finished
The remaining bathrooms only require installation of toilets and vanities
The property is fully paid off (no mortgage)
Estimated ARV: $225k–$240k
Occupancy: Vacant due to ongoing finishing work
Location advantage: Approximately 12 minutes from the beach and El Yunque National Forest
Recent Multifamily Comparables (Highest to Lowest):
All comparables are within a 5–10 mile radius in the greater Río Grande area.
6 Bedrooms | 5 Bathrooms – $425,000 (Multifamily)
5 Bedrooms | 4 Bathrooms – $345,000 (Multifamily)
6 Bedrooms | 2 Bathrooms – $275,000 (Multifamily)
6+ Bedrooms | 2 Bathrooms – $210,000 (Multifamily | Optioned)
These comparables support a strong ARV range in this market for multifamily properties.
What I’m looking for:
Cash-out based on ARV
Ideal LTV: 65%–70% ARV
Term: 12–24 months
Fast close: 7–14 days if possible
Ready to provide immediately:
Current interior/exterior photos
Title/deed
ID
Any documentation needed
Long-Term Plan:
My goal is to complete the remaining work, stabilize all 3 units, and keep the property long-term as a rental investment.
Once renovations are completed, I intend to refinance into long-term traditional financing and hold the property as part of my portfolio.
If this is a project your company can finance, I can send photos, and any required information today.
Thank you,
Rey Rivera
Phone:9396408654
Email:
[email protected]
