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Updated over 8 years ago,
Looking for Lender/Bank/Mortgage Broker in LA to help w/ refinanc
Hi everyone, I have a fully-occupied, 9-unit deal I am working to refinance in a top submarket in Los Angeles. Agencies are shying away from the deal because it will be a cashout above the cost basis. My thought is that a local bank may be willing to play ball on this complete gut-rehab of a 1990s property owned by a local borrower who employs strong local third-party management. Value is roughly $3.7M. Any other thoughts? Feel free to send me a private message. All references appreciated.