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Updated almost 6 years ago,
Refi commercial loan (apartment) help/ suggestions
Hi,
My company specializes in purchasing deferred maintenance, poorly managed rental properties with below market rents. We purchased an 8 unit apartment complex with 2 duplexes (total 12 doors) under the same commercial mortgage. We have infused a lot of CAPEX into the properties, rehabbed them, one by one, place vetted, good tenants in them. We did this in a fairly short time span.
We are looking to refinance the properties. Any help or suggestions on how to approach lenders or how to put together a nice package (what should I put in the package, etc.) to send to potential lenders.
Any suggestions on commercial (apartments) lenders in Alabama?
Thanks for any and all advice!