Lending on equity for properties out of state

[Bill Jaqua]

I currently have about 400k (appraisal value) in equity on my property. I want to use some of that equity to invest in a MF building in Ohio, but I live in Illinois and the banks I'm talking to will only lend on assets that are in their state.  

Any ideas or help? 

[Aaron K.]

@Bill Jaqua you would just refinance your IL property in IL then use those funds as down payment for a new loan in OH.  Or someone licensed in both is actually more commonly a smaller lender who specializes in loans only and not bank accounts.