Cash refinance question

[Eugene Glukhovskiy]

Hey,

I have a coop that I own and it is considered an invest property. It had been rented out for the past 6 months and I have $100,000 left in my mortgage. The property appreciated in the 3 years I’ve owned it and it is now worth approximately $260,000. I called a mortgage broker to see if I can cash refi $50,000 and once I told him it wasn’t my primary residence, he said we can’t touch the property. Sorry. Is there any other way I can take cash out from the coop? Thanks so much.