I currently own two commercial properties outright. One has a base rent of $6488/month with 3% annual increase in WA State with 5 years remaining on lease with two 5 year options. The second has a base rent of $6998 with a 3% annual increase starting 2026 with 9 years remaining on the lease in the state of LA. Both are commercially backed.
the properties combined are worth north of $2.1M and $336K in annual rents.
I need to pull around $700k from them from for my 2023 tax liability.
I was looking for properties to add to my portfolio and to bundle them under a DSCR loan rather than a cash out refi.
is this possible? Does anyone have any ideas? Any lenders?
I found a property I really like that has an annual cash flow of approximately $175,000 over two properties. Ask is $2.45M.
Can I bundle the equity I have in my two properties, purchase these new properties and obtain a DSCR loan while pulling out $700k in equity? This would push my annual NNN rent to around $340k for a $3.2ishloan. That would still keep me at around 30% equity in the combined properties as well.
