There are some strong options out there for owner-occupied properties, that may have less transactional fees than an SBA loan.Consult your attorney on the LLC question - from a lending perspective, if both entities are guaranteeing the loan, and they're owned by the same principals, they should offer the same or very similar terms as if it was owned by one LLC.It's unfortunately difficult to give you a refinance estimate without knowing anything about the real estate or the business.

Once my partner pays off their portion, my two options appear to be staying the course and paying off the property more quickly due to my partner knocking out a big chunk or principal or doing a re-fi for my portion of the loan to a 30 year loan and increase my cash flow.Interest rates have also dropped a lot since we bought back in February, the current rates I've been quoted on a 30 are about .1% higher than what we currently have on our 15.

That's a double digit return plus your getting debt principal. #2 you can sell and take the $145k and dump it on another property that can be yielding more than $9600 a year which would be pretty easy to do..

That includes principal and interest.Most of the units are small studio apartments that would rent for $950/month. 

My current commercial loans have a rate around 5.5% and they each have a original principal of less than $100k.

No need for an appraisal.Since the entire payment is principal, it's taxed at a constant rate (25%, I think) unlike interest, which is taxes at the seller's marginal tax rate.

It's going to reset your amortization schedule and even though you may be paying lower APR, you'll be paying more interest and less principal.

With what you present as weekly income of $1,200 times 52 weeks is $62,400 divided by 12 months is $5200 monthly and you would qualify for about $1,820 per month for principal, interest, insurance and taxes and PMI for FHA and would be about $280,000 home with 3.5% down or about $9,800 down, at 4% interest on a 30 year fixed.

.• DSCRCalculated by taking the lower of the subject property’s market rent disclosed on the appraisal or the lease rental agreement divided by the monthly PITIA housing payment (ARM P&I based on Start Rate) · PITIA - principal, interest, taxes, insurance, and homeowners association dues.

That's seven years before breaking even (excluding a little principal pay down).