Cash-out refinance of 35 condo units in Holly Hill, FL

[Hari Mann]

Hey BP! My REI company has been lucky enough to experience growth these last few years and have recently closed on a purchase of 35 condo units in cash. After decreasing expenses, improving some of the units that need it, and maximizing rent potential, I plan to pursue a cash out refinance.

What kind of lenders should I be searching for to finance this kind of deal?

[Greg Dickerson]

Originally posted by @Hari Mann:

Hey BP! My REI company has been lucky enough to experience growth these last few years and have recently closed on a purchase of 35 condo units in cash. After decreasing expenses, improving some of the units that need it, and maximizing rent potential, I plan to pursue a cash out refinance.

What kind of lenders should I be searching for to finance this kind of deal?

 Your best option will most likely be a local or regional commercial bank especially if they are part of a larger property. If they are all one property you may be able to get agency debt.