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Updated about 6 years ago,
Cash out refi for investment property worth less than 50k$
I bought a property from the sheriff sale for 28k$, put some minor work and leased out for 750$ per month. The property is worth on the market for 45k$. My go to commercial lender can’t do the refi since the property value is below 50k$. Does anyone know commercial lenders who lend for such properties?mits a great cash flowing row house in Philadelphia 19140.
Thanks Vinod