When I first got my license in 2003 I used the Real Estate Institute out of Niles which I know a lot of people that use as well!

I went ahead with filling out and supplying all appropriate information to them to get an idea of what type of financing terms I would be able to get with the different institutions.

I did this in the Indianapolis area and out of 40 different lending institutions only 5 met my criteria (see below).     

Zillow, OpenDoor and more are not on institutional buyers but virtual sellers.

I would call the local financial institutions and do some digging here. 

Generally 5% doesn't exist outside of FNMA and institutional financing. 

Germain Depository Institutions Act and the supreme court case Fidelity Federal Savings and Loan Association v. de la Cuesta, 102 S.Ct. 3014, (1982) which upheld the rights of banks to enforce these rules. 

I am part of an LLC that owns one condo outright and 2 condos with a mortgage that we rent short-term Airbnb.I would like to look into a cash out refinance on the unit that is paid off so that we have the ability to purchase a fourth unit with a cash offer.Can anyone recommend a starting place for a financial institution that would allow that?  

A few years ago I did a couple of deals with bridge because we had an institutional investor providing the majority of the capital and they insisted on it. 

I would recommend looking into these institutions for potential favorable portfolio loan terms:State Department FCU (DC, VA, SC)Hanscom FCU (MA)Workers Credit Union (MA)Signature FCU (VA)Keep us abreast of what you learn, and feel free to PM me if you need anything else!