What is the best cash out refi loan for BRRRR rental?

[Kevin Sobilo]

I'm currently in the process of finding a tenant for my latest BRRRR rehab. So, I'm looking at doing a cash-out refi again.

The last couple loans I have gotten have been commercial mortgages from a local community bank. They were 15 year adjustable rate mortgages with a 3 year lock at prime+1% with a 75% LTV. I think these are pretty common terms for this type of loan.

I'd like to start putting a greater focus on cash-flow while fully leveraging them as well. Those loans are ok and my properties cash-flow, but are there better options available for loans in my LLC's name? Perhaps something with a longer amortization or a fixed rate.

The loans I'm looking for are smaller. My current BRRRR will probably appraise for ~$65k. Its a 2 bedroom single family home that I intend to rent for $850. If I need to have higher loan amounts, I could consider portfolio loans and incorporate my next BRRRR house as well.