Small Balance Commercial Loans Cashout

[Matt D.]

Hello

I am wondering who out there might know of any lenders that do small balance multi family cash out loans. It is a 10 unit building that is worth about 1 mil and i am hoping to do between 60 and 75 % LTV which would include about $200k cash out. It is is in the Las Vegas area. I realize the rate might jump a little bit but even so, since overall rates are so low this still is an avenue I would like to pursue. Is there this type of capital out there for this type of thing?

In a perfect world, I would love to have financing sail through quickly. Payment size is more important than points. I mean I would rather pay points and have a lower payment than the opposite. Would I be dealing with private money, a small bank or? 725 Fico.