Advice on refinancing, starting a reit or another structure?

[Candace Price]

Hi, need advice from fellow members.

We have multiple commercial properties in the excess of $35mm range. They are spread out with multiple banks and rates are between 5% to 8%

As were continuing to grow, we’re thinking what would be a next best solution for us to keep growing and continuing to get financing. As small institutional banks are getting very tight.

I've read about possibly forming a REIT with 100+ shareholders and also about combining all the properties together and get a mortgage on them from a insurance companies at much lower rate.

Or if there’s any other better way someone can recommend?

[Zach Quick]

@Candace Price I'm no expert on this, but you're not large enough for a REIT. However, if what you say is accurate on your interest rate's and you have a good LTV then I don't see why you shouldn't try to get a package refinance and save yourself some serious interest and/or pull a little capital out to purchase more.