Need to Refinance my 20 Unit

[Aaron C.]

Hi everyone! I purchased a 20 unit apartment complex about 1 1/2 yrs ago. The 1st investor completed the rehab and was only at 40% occupancy when I purchased it. Since then I fired the apartment manager, cleaned house and have been running 90%-100% for over a year.

I did complete some additional things that was needed for the property, but honestly it was a management move.

So now I would like to refinance my property and wanted to know if anyone can recommend some brokers? This was my first deal, so the broker I went though got me a loan but I'm at a 7% interest rate and I want to get down to 4.5% to 5.5%.

I purchased the property for $645k, I put around $161k down and another $40k into the property.

Credit is decent, a little over 700

The original broker that I went through could do it, but the interest rate would go up, not down. I have a good payment history and have doubled the income on the property.