BRRRR method/First large out of pocket investment

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Good Morning from Maryland. I would like some assistance for my current situation. Currently, I have two rental properties that I was able to house hack and lease to long term tenants in VA. I got married and moved to MD and just recently purchased a townhouse here. (So expensive in MD) I'm looking to finance a deal in VA for a townhouse listed with a current tenant. I have a contact at Townebank that informed me they offer 85% LTV (15%). The home is more than likely listed for less than appraisal. Would it make sense to put down 15% (let's use 100k as an easy example) and then refinance the property in order to recoup the investment and invest in another prop? Please educate me if possible. I've been reading and aspire to move forward. God bless those battling in this pandemic!