Calling all Mortgage Originators and Commercial Loan Officers!

[Elliott McLeod]

Hello Bigger Pockets Community!

I'm located in Central Washington (Wenatchee Area) and I have a Cash Out Refinance scenario that I need a solution to and i'm hoping you all can enlighten me on some ideas or referrals.

We have 2 properties (1 - Four-plex, & 1 - Duplex) with 2 loans that we would like to consolidate into 1 loan on the 4plex with the duplex then owned free and clear to make available to open a LOC for future investing opportunities as they arise.

We owe 158 on the 4-plex and 91 on the duplex for a total of 249k

the initial appraisal came back at 300k for the 4-plex but it's very low for our local market. We're confident we should be able to have the appraisal adjusted to at least the 325k range. The property is vested as an LLC and we would like to keep it that way unless we have no other options.

Gross Rents on the 4 plex alone are 2700/mo and the duplex currently brings in an additional 1750/mo in gross rents.

Your help is much appreciated! :)