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Updated almost 6 years ago,

User Stats

6
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0
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Irma Vazquez
  • Developer
  • Chicago
0
Votes |
6
Posts

Short term options after Commercial loan matures?

Irma Vazquez
  • Developer
  • Chicago
Posted

My lender offered unacceptable options to refinance a commercial loan that just matured and is on an extension period.  I'm in process to refinance with another bank but the process has been lengthy.  What options might I have to carry me from the current loan to my refinanced loan, if its not completed before the extension ends?  And options that I can obtain rather quickly.  What happens if I move it to a personal loan for example, can it be recouped as a mortgage afterward?  Any thoughts?  Thanks!     

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