What banks or financial companies offer cash out refinancing for investment property in Illinois or nationwide?
I purchased a Two unit property 8 months ago, that is fully occupied for $18,000 cash. This was my second investment purchase in the last 2 years and now I'm looking to purchase something bigger. My question is does anyone know of banks, financial institutions or mortage companies that will do a cash out finance or a first mortgage on this property for $50,000 or less? I want to use the funds as a down payment on a bigger property with a non for profit agency here in Chicago. Any advice would be helpful. Thanks