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How quick are your refinances?
Hey guys,
I'm curious what people are seeing for turnaround time on commerical purchases and refinances.
I'm going on 4 months for a refinance on my mobile home park and its driving me insane.
I think the fastest refinance I've ever had was in the 60-70 day range. Purchases are always 75+
I was hoping this would get easier as our portfolio, net worth and overall experience grew, but I guess not. Or maybe its because I'm trapped in an attorney state (NYS)?
Has anyone found a lender who consistently does faster than that, or is this the unfortunate norm in small community bank commerical financing?