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Updated over 5 years ago on . Most recent reply

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50
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Thomas J.
  • Raliegh, NC
18
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50
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Commercial refinance cash out plus reno? Hard money? Long term?

Thomas J.
  • Raliegh, NC
Posted

Can anyone recommend a hard money lender or a lender that will do a long term loan on commercial properties with renovation funds on a refinance?

I have a commercial property with road frontage that's about 2,000 sq ft for food and beverage that needs about 100k worth of work and I have another small office that is paid off that needs about 20k to get finished. Ideally I would be able to refinance both properties into a long term loan.

Advice? Recommendations?

Thanks

Most Popular Reply

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15,176
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Joel Owens
  • Real Estate Broker
  • Canton, GA
11,259
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15,176
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Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

There are companies that sometimes provide financing like Sundance Capital. They usually require you have a lease in hand with forward commitment from a strong regional or national tenant. They have various programs.

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NNN Invest
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