Cash Out Refinance Multiple Properties

[Dalton Dellinger]

Hey everyone. I'm going to be doing some renovations to my properties soon and looking to pull some equity out for flips.

I have a commercial building with 3 occupied units. It appraised for $82,000 a few years ago with 2/3 units occupied so I'm assuming it will appraise for more.

I have a single family house that appraised for $70,000 a few years ago. After improvements it will be worth $100,000 to $115,000. There is a blanket mortgage across the commercial building and this single family home with a balance of $79,000.

I own a duplex with a 3.75% FHA mortgage. It appraised for $100,000 several years ago so after the improvements, I'm assuming it will be worth at least $120,000. It currently has a mortgage balance of $73,000.

So in total I (will) have about $300,000 in assets with total liabilities of $152,000. I'm looking to get an LOC or 2nd position loan across them since they have great interest rates (3.75% and 5%). Does anyone have any recommendations for online lenders that can help me get this done? I am in Southern Indiana if that helps.

Thanks!

Dalton