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Updated over 5 years ago on . Most recent reply

Pragya Singh's profile image
Pragya Singh's profile image
Pragya Singh
  • Investor
  • from Hillsboro, OR
  • Member since Apr 14, 2014
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Pragya Singh's profile image
Pragya Singh's profile image
Pragya Singh
  • Investor
  • from Hillsboro, OR
  • Member since Apr 14, 2014
Connect
Pragya Singh
  • Investor
  • Hillsboro, OR
45
Votes |
62
Posts
Arkansas Real Estate Q&A Discussion Forum

How easy is it to find Refi an Apartment ?

Pragya Singh
  • Investor
  • Hillsboro, OR
Posted

Hello Fellow Investors

We own a 32 unit apartment in Arkansas. We bought it for $75K and spent approximately $400K in the rehab.

We are now looking to Refinance it with a commercial lender or bank and are finding it hard to locate lenders who can can lend that amount. Most of the banks we get in touch with say they have a minimum of $1M loan for apartment complexes. Are we doing something wrong here?

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