Cash Out Refi on Investment Property - Expert Answer Needed

[Cheyenne Davis]

We have a good buyer who could be an even better buyer if he could find a niche lender who would do cash out refi's based on his current situation. Does anyone know of a lender(s) that will do cash out refi's on investment properties which are purchased with an investors personal cash, only with a couple of caveats...

The investor/purchaser had a Ch. 7 BK 4 years ago, which included a strategic foreclosure on his primary residence. His debt was discharged, BUT the lender hasn't successfully completed the foreclosure. The foreclosure was actually dismissed through the courts, so the house is just sitting in limbo. 

The investors intention would be to buy with his own cash, fix then cash-out refi and repeat process to build rental portfolio.