Commercial vs Residential refinance

[Nathan Smith]

My wife and I recently bought a duplex for $46k that we moved into and put about $10k (and a lot of sweat equity) into for rehab. We would like to cash out refinance and pull out whatever cash we can and put that money into our next investment. I have been talking to a residential loan officer and a commercial loan officer and I am still looking at the numbers for both options, but was wondering if anyone had any pros and cons for residential vs commercial refinance. Thanks!