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Updated about 4 years ago on .

User Stats

1,239
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1,097
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Michael Ablan
  • Real Estate Broker
  • Watertown, NY
1,097
Votes |
1,239
Posts

How quick are your refinances?

Michael Ablan
  • Real Estate Broker
  • Watertown, NY
Posted

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?