Mortgage for foreign investor

[Stefhan Malherbe]

I am a foreign investor with multi-family properties in FL. The properties are owned through a FL LLC and I am the manager.

I want to do a cash out refinance and use the cash for a deposit on my next property. My mortgage broker is telling me that due to COVID there are currently no lenders in FL that will do a cash out refinance for more the 55% LTV. I need to achieve a 65% LVT to make my next deal work.

Are there are any mortgage brokers on this forum that can confirm what my broker is saying is correct? 

I appreciate any feedback. 

Thank you,

Stefhan