Refinance on a brrrr house

[Richard Moreno]

Hello BP ! I am now on the refinance part of brrrr on a property in Pittsburgh. I found a private money lender that I follow on instagram that will do a cash out refinance at 70% LTV with just one month seasoning period. Now the interest rate based on my credit and because it's an investment property that I have under an LLC is going to be around 8.4% ! With adjustable rate after 5 years and 30 year year loan. I knew the interest rate was going to be a little higher because it's not owner occupied and it's an investment property. And the estimated appraisal value should be around $90k, so it's not going to a deal breaker, but I still think that too high. Is this too high or is it normal for the interest rate to be this high??