Need to refinance a portfolio loan

[Tom Camarda]

Greetings BP lending community,

I am reaching out today to find a lender that might want to help with a cash-out refinance of a small, 3 property portfolio loan. Current balance is 220K. Total equity in properties is about 420K. Currently paying 4.75% on a 5 year ARM, 30yr AM. Matures 12/21. Would like to have some cash on hand to buy properties in the coming months.

Ideally, I'd set that cash aside to put in reserve and then open a LOC (as well as a savings account with your institution) to go buy more properties... Interested?

Thanks for your help.

Tom