Seeking Refinancing Assistance for 6-Unit Property in South Georgia
Hey BiggerPockets Community!
I'm reaching out for some guidance or leads on potential lenders who could assist me with a cash-out refinance for a 6-unit property in South Georgia. Here's a bit about my situation:
I purchased this property all cash and have since put in the hard work to renovate and rehab it. Now, I'm at the stage where I'm looking to refinance in order to pull out some of my initial investment. The property's estimated After Repair Value (ARV) is around $525,000, and my total investment stands at $350,000.
This is my first venture into a property with 4+ units, though I consider myself a seasoned investor in other real estate ventures. All six units will be fully rented out before the refinance, ensuring steady cash flow.
However, I'm finding it a bit challenging to locate lenders who specialize in cash-out refinancing for multi-unit properties in the South Georgia area. If anyone has any recommendations, experiences, or leads they could share, I would greatly appreciate it!
Additionally, any tips or advice from those who have navigated similar situations would be invaluable to me at this stage.
Thank you all in advance for your assistance and insights!