Hey Beau, I purchased this 24-unit multifamily property with a bridge loan about 20 months ago. It’s now stabilized and I’m looking to refinance the property. What would be my options? I own 2 other smaller multifamily properties a 12 unit and a 6 unit. The numbers are as follows:

Purchased for $1,289,000

Capex to date: $365,000

Occupancy 97%

Loan Balance: $1,175,000

Estimated Value: $1,975,000

Locations: Knoxville,

TN Goal 70-75% cash-out

Thank you,

Gene

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