BRRR - Cash out Stage, LTV max 70%?

[Samir Solanki]

Alright folks, need some help with decision making. 

Background: Purchased a triplex for $200K, Cash in for renovation @ $40K so all in total at $240K. Rented all three units for total rental income of $3,300/month. Just got the appraisal back (which I'm not happy with) at $320K. My mortgage guy is telling me that the max I can do is a 70% LTV on this cash our refi, which after closing costs, puts about $68K in my pocket. I know it's not a bad deal, but I was hoping for a 75% LTV that would put about $84K in my pocket. The interest rate is going to be around 4.2% for 30 years. Am I being too picky? Is this is the highest LTV that I can get for this type of property with this interest rate? Would you go for this deal?

P.S. With the cash out, I'm planning on purchasing another multifamily and applying the same BRRR strategy.

Thanks in advance.