Updated almost 7 years ago on . Most recent reply

Cash out refi for investment property worth less than 50k$
I bought a property from the sheriff sale for 28k$, put some minor work and leased out for 750$ per month. The property is worth on the market for 45k$. My go to commercial lender can’t do the refi since the property value is below 50k$. Does anyone know commercial lenders who lend for such properties?mits a great cash flowing row house in Philadelphia 19140.
Thanks Vinod