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Updated almost 4 years ago,

User Stats

12
Posts
2
Votes
Joshua Zamora
Pro Member
  • Investor
  • Miami, FL
2
Votes |
12
Posts

Anyone successful refinanced a commericial property recently?

Joshua Zamora
Pro Member
  • Investor
  • Miami, FL
Posted

Hey BP, 

Has anyone been successful in refinancing out of commerical investment properties over the last 60-90 days in a state you DO NOT live in? 

I've spoken to about 3 local banks in Cleveland, 1 regional bank, Wells Fargo and CBRE. So far, they either don't want to work with me because I don't live in Cleveland or they're just not offering commercial refinancing on investment properties atm. CBRE has a mininum of $750k 

I have $500k invested between two, 6-unit buildings.. and I also own two residential properties that are probably worth about $50-$60k. 

If anyone has been able to successfully refi, and you know they're willing to work with an out-of-state owner, please let me know. 

Thanks

  • Joshua Zamora
  • Loading replies...