Looking for Cash Out Refinance, Los Angeles Mixed Use

WantFinancingRefinance
Classifieds

Looking for Cash Out Refinance, Los Angeles Mixed Use

Member since 2018 · 4 posts · 2 votes

We currently have a property that we have had since 2004.

Its a 1912 built building, 8 unit mixed use, 4 res/ 4 commercial,  Grosses about $98k and a little over half comes from the commercial side.  

It was on the market, and received an offer at $1,550,000, but the deal fell apart, part the buyer and part our agents, its off the market now.  Instead of relisting we are thinking of keeping it, do a cash-out to buy something else, and look into building on it in the future instead.

Who can work with something like this?

thanks

2Reply
4 views

7 Replies

Jump to latestLatest
  • Los Angeles, CA · Member since 2018 · 326 posts · 279 votes
    7y

    @Donn Montenegro it sounds like you have decent property and if you bought it in 2004 and you're bringing in $98k you should be cash flowing well so it shouldn't be an issue to refinance.

    Are you asking who can help you refinance?  There are quite a few commercial lenders that can assist you in this process.

    If you need assistance with lenders please let me know.

  • Member since 2018 · 4 posts · 2 votes
    7y

    yes I am looking for a lender who could refinance

  • Reginald TrussPro Member
    Lender · Toledo, OH · Member since 2015 · 1k+ posts · 96 votes
    7y

    Donn, we would like a chance of funding your project, but I need your email address, so we can send you some info on our service, also a questionnaire for you to fill out.  Hope to hear from you.

    Reggie Truss

  • Simmy AhluwaliaPro Member
    Lender · Atlanta, GA · Member since 2015 · 1k+ posts · 200 votes
    7y

    Happy to look at the deal.  We originate nationwide - [email protected]

    www.SimsCapital.biz

  • Property Manager · Baton Rouge, LA · Member since 2014 · 2k+ posts · 195 votes
    7y

    If you operate as a business entity or would be willing to start one, you can be funded in 7 to 15 days.  Click the link below to see how:

    https://nationalcc.wufoo.com/forms/hamilton-investment-properties/

  • Alex BekezaBusiness Member
    Lender · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
    7y

    @Donn Montenegro We can cash out refi mixed use properties at 70-80% LTV as long as they debt cover.

    I've sent you a PM.  I look forward to pricing this out for you.  Our office is based in Sherman Oaks not far from downtown Los Angeles.

    All the best, 

  • Lender · CA OR WA CO · Member since 2011 · 17 posts · 7 votes
    7y

    Hi Donn,

    I have several loan products that your scenario could fit.  I'll send you a contact request.

    LMK if you're still looking for a loan.  thanks!

Join the conversationCreate a free account to reply, vote on answers and follow this thread.