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Updated about 6 years ago on . Most recent reply

User Stats

22
Posts
29
Votes
Scott Starkey
  • Rental Property Investor
  • Birmingham, AL
29
Votes |
22
Posts

Refi commercial loan (apartment) help/ suggestions

Scott Starkey
  • Rental Property Investor
  • Birmingham, AL
Posted

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!

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