Bank Loan Options for Investment Prop Refinance w/ Cash Out

[Carlos Goulart]

Hello BiggerPockets community.

I'm looking to refinance a 2- Family (non-owner occupied) investment property with a cash out option to help finance another future investment property. Is 70% LTV a standard or are there banks willing to go higher, like 80%+ for example. Would it be better to find an online lender or will I have better luck with a local lender (I live in MA)? I got one quote back so far from Rocket with a rate of 4.99% and closing fees of $8.8k. This seemed quite high. Is this the average I should expect or should I keep looking for something better?

I appreciate everyone’s time a look forward to hearing people’s thoughts.