Multifamily Commercial Refi BRRRR

[Matthew Masoud]

So I purchased a 6-unit in January with the intent of BRRRRing it. Finally finished the rehab and got the units up to market rents.

Many of the new leases are 1-2 months old, is that going to be a problem when I refi?

Would the bank be concerned that most leases are only a few months old?

Also, this means that the NOI has jumped pretty significantly in the past few months.

Do lenders use new NOI or will they look at historicals?

New to commercial lending and looking to rely on the expertise of this subreddit.

I will be calling loan officers tomorrow for specific answers but I wanted to know what I should expect.