Refinance for Indianapolis Investment Property

[Blake Cory]

we just acquired a rental property in Indianapolis. It was purchased for around $82,000 and we want to refinance and get some of our cash out. The standard online mortgage lenders see the amount is too small for them to conduct a refinance. Does anyone know a local bank or credit union in the area I can assist? 

[Jason Gott]

Hey Blake,

I don't deal directly in Indianapolis, but some of the banks I use for refi's are the smaller ones like Hoosier heartland or Tri-County bank both of these banks are located in Montgomery County which is West of Indianapolis.  There is also North Salem State Bank but I have not personally used them...Yet.  Rates are currently 5.5% 15 yr., no prepayment penalties. 

Hope this helps you out.