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Updated almost 5 years ago,
Commercial lending advise
For all of you investors that have rentals out of state, can you give me a little advise on lending. I know bigger pockets has several listed. Do you guys use a lender that will loan commercial money nationwide or deal with different banks in each state? I use the BRRRR method so this would be refinance only. Also what is the max you guys are able to pull out on a refinance? 75%, 80%,85% ??? Currently I'm able to pull out 80% with my small local bank but have never purchased property out of state. I'm from Maryland and looking to get my feet wet in some out of state rentals. Thanks in advance