Mixed Use Investment Property Refinancing

[Olivia Svrchek]

Hi Folks,

I am seriously struggling to find any lenders that will cash-out refinance a mixed use property. 

The property has two leases to business and the upstairs is a short-term rental on AirBnb.

I have $250K in equity and owe $100K. The DSCR is 3.5.

Overall is is a great investment. My credit score is fine.

But they don't have programs out there for New York state for mixed use that I can find anywhere. Please help if you know any lenders that do this. I would deeply appreciate it. And if you are considering buying a mixed-use property, maybe thing twice.