Higher than 70% LTV for 2-4 unit cash-out refi

[Brandt Tingen]

Good Afternoon BP'ers,  2 Questions:

Has anyone worked with a lender in the past they would recommend who offers a cash-out refi on 2-4 unit property at 75-80% LTV? I am finding most lenders conform to 70% LTV on cash-out refi of 2-4 units.

Also who have you used to finance or refinance 2-4 unit multifamily in an LLC?

[Andrew Syrios]

A lot of local banks will lend up to 75% LTV, but I haven't seen any willing to go much above that (one went to 77% with us) for investment properties. So I would look for local banks.