In a bit of a bind...

[Peter Padalino]

Hi BP community...I'm looking for a bit of advice. I own a duplex in the mid-west valued at about $100K (more on that in a minute) and have paid off the property in full (didn't originally intend to, but have - its a long story). Now I need to refinance it asap and have had two lenders "run into issues" - one 3 days before closing and another had an appraisal issue which is impacting the minimum loan amount - both issues are pretty ridiculous if you ask me, but it is what it is.  

So now, I may need to find a lender that can close quickly and will work with me on terms. At the end of the day, I'm really just in a short term need to get this refinanced to buy me some time...I've paid for two appraisals in the past 30 days with the first one coming in at $113K and now the most recent at $95K!  I find this underwriting situation to be really challenging. For goodness sake, it's a $75K loan on a rental property that has a dsc ratio of about 1.5, it's fully rented, I have great credit and on and on...UGH...Now I need to figure something out. Anybody out there have a suggestion? 

Thanks