Can you do a cash-out refi on a commercial loan? I finance my SFH through my LLC, which makes the loans on them commercial, so can I still do a cash out refi on them? I don’t know if it makes a difference because they’re commercial…
From what I’ve seen so far, it looks like there’s a lot of latitude for local banks doing commercial loans. We are pulling our cash out next week out of a house we bought a few months ago.
Thx- I guess I’ll just post the question to my LO to see what he says. I didn’t want to bring it up if it was an obvious “no-no” and risk looking like a total idiot!