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Updated 7 months ago on . Most recent reply

User Stats

62
Posts
33
Votes
Wiley Strahan
  • Rental Property Investor
  • Los Angeles, CA
33
Votes |
62
Posts

Refinancing Small Commercial Building

Wiley Strahan
  • Rental Property Investor
  • Los Angeles, CA
Posted

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.! 

Most Popular Reply

User Stats

415
Posts
94
Votes
Logan Singleton
  • Lender
  • Boston, MA
94
Votes |
415
Posts
Logan Singleton
  • Lender
  • Boston, MA
Replied

Hi Wiley, I'd be happy to look at the property. 

-How many units is it?

-What's the Occupancy percentage?

-What's the Estimated Value and debt owed, if any?

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Fenway Funding Group
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