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Updated about 4 years ago,
Cash-Out Refinance for Rental Property (Duplex)
I am in the Norfolk, VA area and about to start the cash out refinance process for a rental property I own. The rental property is a duplex I bought 6 months ago (July 2020) with all cash for $165k. The property's current value is approximately $200k-215k based on comps in the area, however, I still need to get an official appraisal. Does anyone have recommended banks, private lenders, etc in the Virginia area that could offer 75-80% loan to value ratio for my property?