Cash out refinance on rental bought in cash
Folks I am trying to find a lender in KC that will do a cash out refi on a rental we purchased all cash earlier this year. We used all cash to be competitive in an aggressive market here in KC. My intent was to use my cash to make the deal then put a mortgage on the prop to put my cash reserves back. Also I bought the prop thru a LLC we created, and finding some banks won't do a cash out refi thru a LLC. Anyone have thought there? Thanks for your help!