Loan options for a cash paid property

[Sunil Sharma]

Hello,

We just bought a townhome in Harvey, IL, all cash paid. This is already rented on M2M.

What are our options to get most of our money back so that we can invest in other good properties?

PML or DSCR loans or any other type of loan with reasonable interest rates.

Appreciate your guidance and referrals!

Sunil

[Delon Hall]

@Sunil Sharma I own a property on Harvey, IL and the issue I keep running into is minimum loan amounts for cash-out refinance. At this point I've been looking into buying a few more and refi with a portfolio loan product. I've also looked into issuing my own more and then selling that note to an investor.