Updated about 4 years ago on . Most recent reply
Cash Out Refinancing Help
I am part of an LLC that owns one condo outright and 2 condos with a mortgage that we rent short-term Airbnb.
I would like to look into a cash out refinance on the unit that is paid off so that we have the ability to purchase a fourth unit with a cash offer.
Can anyone recommend a starting place for a financial institution that would allow that? From what I’ve gathered in my leg work most banks don’t like lending for short-term rentals.