Places in Cincinnati that specialize in refinancing multi's

[Ramzi Nuseibeh]

Hi all,

I've run into a situation where I have rehabbed a duplex in Newport, but when I went to a local bank, Heritage Bank, to do a cash out refi, their appraiser valued it based on other multi's that have sold recently.  I realize that's how it works, but they are all smaller and not renovated as most people don't sell renovated multi's.  Long story short, if mine was valued at the same price per sq ft as the comps, it would be worth $300k not taking anything else into consideration (location, reno, etc).  However, she's just valuing it based on the price of the comps even though they are smaller.  So, I have a place that appraised for $230k that is way bigger than the other mulit's that sold for close to that.  I believe it should have a similar price per sq ft, and I would think banks that work with investors would too.  Any suggestions?