Multi family cash out refi

[Matthew Fitzgerald]

Last year I purchased a 21 unit complex and we have just about got the property stable. I believe we have created some equity through this process. I want to do a cash out refi to purchase another property and put some cash back in my pocket. I’m unsure of the process with multi does anyone have any advice?

[Lee Ripma]

@Matthew Fitzgerald Do you have an existing loan? You should be able to do a cash out refi if you have increased the value-have you? Go through the underwriting like a commercial Appraisor would and see is my advice!