Rental Re-FI cash out on SFR below $50k value?

[Jeremy Resmer]

Anyone know of lenders that do cash out re-fi on lower value properties?  

We can achieve great cap rates on properties that are in the 40-65k range, but notice most portfolio lenders don't go below a loan value of 50k typically (meaning total property value needs to be 72k and up). 

Would love any advice on connecting with lenders that would say cash out a 45-50k value property with a renter at 700 after some seasoning period.

[Kay Aula]

I recently spoke to US Bank and they will loan down to $20K.  I believe Penfed Credit Union will go down to $25K but give them a call to verify.