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Updated over 2 years ago,
Refi and LOC for mixed use building
Can anyone recommend any small banks/lenders in the NYC area that will do a refinance loan and line of credit for a mixed use building? Something along the likes of:
$950K loan (50% LTV), 10 year term, 25 year amortization, first 2+ years interest only, etc.
Also happy to consider any lenders that will take 2nd position for the LOC. Current LTV is around 50%, so the LOC would ideally be 65%-70% max LTV at least. Thank you!