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Updated about 9 years ago,
My 10 unit has a time bomb balloon payment and I need to move it. Ideas???
Hello everyone,
I manage a 10 unit complex here in north Georgia. We just had a commercial appraisal come back at $850,000. We owe $518,000, but it's a balloon with 3 years left. We are trying to figure out how to move it over to a long term fixed. The bank we are with is too small and won't do the refi for us.
Any suggestions?
Thanks!