Cash out refinance of rental property

Cash out refinance of rental property

Member since 2019 · 6 posts · 1 vote

Hello,

I have an investment property in the suburbs of Philadelphia. I am looking to do a cash out refinance because the value of the property has appreciated. However I spoke to two banks and due to Covid they are only willing to give a maximum amount of $50k. Does anyone know of any banks that will do 70-75% LTV. Thank you.

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  • Lender · Hackensack, NJ · Member since 2016 · 1k+ posts · 372 votes
    5y

    What is the value of the property currently?

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