Can't Do Cash Out Refinance Due To COVID

[Jason Nguyen]

Hello guys,

Just spoke to a few lenders to do a cash-out-refinance on one of my multifamily that just went through the rehab process recently. They said that banks are not allowing cash-out-refinance on investment properties at the moment. They do, however, on primary house only. Any of you encounter the same thing? How did you go around this?

Thanks!