Refinancing Under 80K

[Nathan Hillier]

Hey BP, just wanted to reach out and ask if anyone knows about refinancing a residential duplex if its ARV is around $80,000 in Dayton, Ohio? Would this be possible?

The reason why i ask is because my current deal may fall short when we get the property appraised - Some valuable lessons learned here with not getting a proper ARV, and now questioning if the appraisal will follow through. My team and I have reached out to multiple banks and lenders, and have been told we cannot refinance our property if its appraisal is under $100k. Can anyone confirm that this is true for most if not all banks and lenders?

I appreciate the help!