Local/community banks in WA state for investment Cash out refi

[Evan Keturakat]

Hey BP, 

Has anyone in Washington State (Spokane) had any luck on doing a cash out refi on their investment properties? I researched this back in the Spring and found some that might do 4 -4.5% being and investment property but they had additional fees to the rate due to the number of refinances, that I believe are now not charged. I have over $200k in a rental that is paid for and have been debating pulling it for another investment, or perhaps a few LP Deals that have room to grow in ~5years. As you in the PNW know, the housing market is tough and those rentals are harder and harder to find. If I recall correctly the last LTV numbers were from 60%-70% for those rates which allowed me the ~$200k. Banks researched were Umpqua, BECU, and I don't remember the others. Thank you!