North Carolina Cash out refi on rental home

[Matthew Trainor]

Hi. I have a rental property in Carolina that is valued at approximately $275k. I want to leverage it to purchase another rental. Its completely paid off. I want to Cash out refinance it as a preferred option or set up a HELOC on it. I'm having trouble finding lenders. Anybody got any advice on someone in NC that will do a cash out refi on a rental right now?

[Jack Tulloch]

Hey Matthew - there are plenty of lenders licensed in NC that can likely help. I would recommend calling some local banks/credit unions, checking out bigger pockets suggested lenders, etc. 

Are you looking for conventional financing or a DSCR loan?

[Matthew Trainor]

Hi! Thanks for the reply. I've spent a couple hours calling around with no luck. Google search hasn't gotten me anywhere either. I'll keep checking around but wanted to check here to see if anybody had advice on who to contact. I don't have a preference on loan type. Whichever one would provide the best interest rate.

[Bobby Feinman]

@Matthew Trainor

We can assist you with this. Happy to jump on a call

Bobby

[Devin Peterson]

Hi Matt, Happy to help you find the best deal with lowest closing costs, guaranteed! Send me a PM