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Updated over 2 years ago on . Most recent reply
Conventional loan options
I currently own a commercial building on NNN this building currently has an SBA loan as a run the business inside the building. I am currently set to close on the sell of the business in the coming months. Because it is an SBA loan my understanding is that I must pay off the loan at the close of the business sale. How could I go about getting a conventional loan on the building so that I can use that cash to purchase another property?
Bonus what is this property worth? We are in Aurora CO the building is 7000sqft the rent is $11,750 + NNN per month.