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Updated over 6 years ago,

User Stats

92
Posts
75
Votes
Jacob Murphy
  • Contractor
  • Cincinnati, OH
75
Votes |
92
Posts

Any lenders for a warehouse cash out refinance? BRRRR Property

Jacob Murphy
  • Contractor
  • Cincinnati, OH
Posted

Hey BP! I am almost finished with a warehouse renovation in Mt. Healthy area of Cincinnati. I purchased with cash from a burnt out real estate investor for 57K, have put about 45K into the property and would like to cash out refinance. Any recommendations for a commercial lender in the area? I have had success in the past with single family (up to 4 units) for BRRRR refinances but those lenders aren't interested in warehouses and industrial buildings.

Details on the property:

Purchase price: 57K

Renovation: 45K

Size: 4800 sq ft. Front is an office area 1800 sq ft then 3000 sq ft of warehouse space in the rear. 

Thanks in advance!