I have a borrower wanting to do a cash out refi on a rental property that they owned for about 2 years in Spokane, WA. Borrower has done many flips in their lifetime and some rental properties. They wish to refi their manufactured home that is a double wide on a concrete foundation. Bringing in $1650/mo in rent. Owes around 130k on their existing loan with a hard money and wants a long term loan. Seeking around 165k loan amount, CMV value is around 270-315k in the area. Most lenders don't do manufactured home loans so any help would be appreciated!
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