House with ADU Cash Out Refi
*Posted in the wrong forum originally*
I have a property with a main house that has recently been renovated and a detached 2 car garage with a 1/1 apartment that is still in need of repair. I did essentially a half BRRRR, finished remodeling the main house and refinanced with a commercial lender 2 months ago that limited me to ~50 LTV. The garage/apartment is still dilapidated and I would like to try and use some of the equity to remodel the garage/apartment and rent it out. Does anyone have any recommendations for a lender of this type of situation? Any feedback on the recommended lenders here in BP? Would like to get into a 30 year fixed product if possible. Thanks for any help!