BRRRR Refinance step - Which bank has the highest LTV ratio?

[Paul Jones]

I have an investment property in Washington DC that I'm trying to refinance and get cash out of now that it is fully rented. I've heard from another local investor that there are commercial banks that will refinance you out at 90% LTV but he wants me to buy into his training program for $5k for this information and other guidance.

Does anyone know of a regular bank or commercial bank that does a 90% cash out refinance for an investment property?  

[Upen Patel]

@Paul Jones Its likely that there is some lender out there doing a 90% LTV cash-out, though I wouldn't put my money on it. Been in the business for a while and done all types of loans. Haven't come across a 90% LTV cash-out refi on an investment property. To make things worst for your chances, markets are getting tighter. 2 huge Non-QM lenders went under in the last 2 weeks.

As the saying goes, "if it's too good to be true it usually is".