Looking to find a lender for mid term rental properties

[Nicoló Tossici]

I'm on the lookout for someone that can do a cash-out refinance for my midterm rental properties. Anyone here that can help me out or with experience or recommendations? Hit me up with your wisdom—I'm all ears!

Cheers

[Doug Smith]

I grew up just North of STL in IL and lived in St Charles County to start my career over 30 years ago. Still a Cardinal fan! I would really like to understand kind of deal you have on the first as doing a cash-out refi might not make the most sense (but it can be done). I'm doing one right now in SC where a borrower has a first mortgage at a great rate on a rental, so we're doing a second mortgage to bleed cash out for another project. The rate on the second is higher than what we could do on a first, but when you consider the low rate he had on his current first, the "blended rate" was better doing a smaller second. Perhaps you can tell me more about your situation and I can steer you in the right direction...or help you myself.