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Updated 2 days ago on . Most recent reply

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Mark M.
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Low Seasoning Commercial Refinancing Lenders

Mark M.
Posted

I own a 12 unit property in Ohio purchased in December that I'm looking at refinancing. Anyone have good lenders with low seasoning requirements (6 months)? 

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Devin Peterson
  • Lender
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Devin Peterson
  • Lender
Replied
Quote from @Mark M.:

I own a 12 unit property in Ohio purchased in December that I'm looking at refinancing. Anyone have good lenders with low seasoning requirements (6 months)? 


 There are a ton of underlying questions that need to be addressed here.

- Are you looking to refinance for the purpose of cash out, or restabilizing the debt? What's the goal?

- Is the property 100% rented or has any vacancies?

- Are you trying to use a new appraised value or original purchase price?

You will have a lot of lenders and brokers tell you different things so these questions matter. Happy to dive deeper together if you want to chat. Good luck!

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