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Updated over 3 years ago,
Multifamily/Commercial Real Estate Equity
Hey everyone,
Just curious, how do you guys pull out accrued equity in a commercial real estate or multifamily (greater than 5 units) property? From what I can gather, HELOCs on these types of properties are rare. Cash out refinance would be another possibility but is there not a prepayment penalty in the first 5 years of a commercial loan?