Should I Cash Refi in today's rates?

[Dolev Shemesh]

Hello,

I have few properties that I own outright and some leveraged. I'm interested in getting a cash refi @ 30% LTV on my outright-owned properties (est. properties value is about $300k), so $90k in cash in order to scale up and buy more investment single or multi family properties. Does today's rates makes sense for doing that? I have a leverage capital company saying that they could in the mid 7% at the moment.

Thoughts? 

Thank you