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Updated about 10 years ago on . Most recent reply

Samson Kay's profile image
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Samson Kay
  • Investor
  • from Chicago, Illinois
  • Member since Apr 29, 2013
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Samson Kay's profile image
Samson Kay's profile image
Samson Kay
  • Investor
  • from Chicago, Illinois
  • Member since Apr 29, 2013
Connect
Samson Kay
  • Investor
  • Chicago, IL
31
Votes |
227
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Buying & Selling Real Estate

Is anyone doing cashout refi's for commercial units in Massachusetts?

Samson Kay
  • Investor
  • Chicago, IL
Posted

I purchased a 6 unit last year that I spent the last year rehabbing and renting out. Based on area cap rate, I believe I increased the value to around 475K from a purchase price of 340K. I was hoping to refi it to get some cash out for another acquisition, but I'm having trouble finding a small bank that will do it? 

Does anyone have suggestions?

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