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Updated over 6 years ago on . Most recent reply
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Refinancing and pulling equity in a commercial loan unde an LLC
I have a 30 unit in an LLC with quite a bit of equity and was wondering if it’s the same as refinancing a house. I know I’m not able to get a HELOC. Basically, I’m wondering if I can just pull 70% of that and BRRR with it.
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@Jon-Michael Veronesi You definitely can refinance the property if the numbers work out. The lender will have to make sure it meets the minimum DSR (NOI/ Debt Service), usually at 1.25.