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Updated 9 months ago,

User Stats

94
Posts
78
Votes
Nathan H.
  • Real Estate Agent
  • Fort Collins, CO
78
Votes |
94
Posts

Lender Recommendations for activating equity in Wyoming 9 unit

Nathan H.
  • Real Estate Agent
  • Fort Collins, CO
Posted

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

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