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Updated 11 days ago, 11/11/2024

Sudheer Kumar's profile image
Sudheer Kumar's profile image
Sudheer Kumar
  • Member since Sep 17, 2024
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Sudheer Kumar's profile image
Sudheer Kumar's profile image
Sudheer Kumar
  • Member since Sep 17, 2024
Connect
Sudheer Kumar
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Commercial Real Estate Investing

Need Advice on Commercial Loan on existing retail buildings

Sudheer Kumar
Posted

Hi All,

I recently purchased a property with assumption loan amount 3 mill. Total property value is 5 mill.

Loan term is ending May 2026. Kindly help me with some suggestions what type of loan better for retail buildings. Tenants are renewing lease next year.

I want to move on to new lender with new mortgage.  Monthly rental is 28K per month.

Raleigh, North Carolina
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