Cash Out Refi of Investment Propeties

[Brice Perry]

Hello everyone

I have a property that was purchased with cash and I'm looking to pull cash out of the property to keep growing the business. I was looking for some recommendations on who you have used to do this. If anyone has any advice it would be greatly appreciated. Thanks in advance and have a great day. 

[Dylan M. Davis]

I'm a lender. We're doing cash-outs between 3-6 months of ownership at new appraised value. Qualified on property income! This is a new change for us.. We can cash-out at <3 months of seasoning. Max proceeds would be purchase price + verified rehab costs invested. Floor rates are around  8.125%