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Updated 9 months ago,
Lender Recommendations for activating equity in Wyoming 9 unit
Hello BP!
Wondering if anyone has a commercial lender who would know where to find a loan to accomplish my goal... I have a 9-Plex worth 850k with 300k of debt. I would rather use debt to access my equity than sell.
A couple of notable things:
- Underlying debt is at 4.5%, so if replacing that would have to be considered
- DSCR is fine. It can service more debt
- I have a very solid borrower profile
Thanks in advance for any input