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Updated about 4 years ago on . Most recent reply

User Stats

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

Anyone successful refinanced a commericial property recently?

Joshua Zamora
  • 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
  • Most Popular Reply

    User Stats

    2,801
    Posts
    4,990
    Votes
    Steve K.
    • Realtor
    • Boulder, CO
    4,990
    Votes |
    2,801
    Posts
    Steve K.
    • Realtor
    • Boulder, CO
    Replied

    @Joshua Zamora @Eric Johnson might be able to help you out.

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