@Greg SeivertMost lenders that work with real estate investors understand that you may show a paper loss and they won't hold it against you.

If you don’t have any pools try them.

For example, if this were your property how would you proceed?

Now, some of these answers will depend on what state that property is in, how much equity you have, and a couple of other factors...but you can certainly seek out other lenders about a Line of Credit on an investment property.  

Property Details- Size: 64,000 SF Class A mixed-use building - Commercial Space: 25,000 SF - Residential Space: 39,000 SF (32 duplex apartments, 2BD/2BA) - Parking: 165 spaces Vacancy and Rental Status35% of the prime commercial space (about 10,000 SF) was vacant and not marketed for rent online. 13 of the 32 duplex apartments were rented at 35% discount to comps What made you interested in investing in this type of deal?

@Shivani Brijmohan, while I cannot speak to NY, I will say in general:You should know how the property will be reassessed when you buy the property.  

Let us know if you find out what happened to it or if it moved somewhere 

I can disclose the property address and details if you would like to chat.

Top tier agents are making out substantially better in the new system.

It would help if you studied how your home compares to others and ensured it is priced right.