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Updated over 7 years ago,
Bank Financing of 5 and 6 family investments in NJ
Hi, I currently own a 6 unit building that has a mortgage of about $200K. I believe the building is worth $800K so I'd like to refinance and cash out another $300K to fund another investment (approximately $500K mortgage to replace my existing $200K mortgage). I'm looking for a 20 or 30 year fixed rate mortgage. Can anyone recommend commercial banks in NJ that can offer rates? I'm looking to do this asap.