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Refinance a Rental Property
I have a single family home, with a garage apartment (both rented) that I purchased from my parents with a private note from My existing business. I'd like to refinance the purchase so that I can pay my company back and have some extra cash for repairs on the property. The current note is about $105k, the value of the home is upwards of $290k. I'd be looking for a $150k loan. Not sure that this is a deal to take to one of the big banks. What other options would be available?