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Updated 4 months ago,
Refinancing Small Commercial Building
Hi,
We are looking to refinance a small commercial multifamily building we have in Ohio out of a bridge loan that we used to renovate the building over the last couple of years. The loan amount would be between 900k - 1M which means it is just under Agency guidelines (know fannie goes lower but I don't think its worth the headache). Would anyone have any recs on location banks, credit unions, etc that would look at a deal like this? Its completely stabilized and some subsidized rent tenants. This seems like there is a large gap in the market for this type of loan.
Thanks.!