Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
~$5,000+ potential annual savings on vetted partner products
10+ deal analysis calculators with ready-to-share reports
Lawyer-reviewed leases for every state ($99/package value)
Pro badge for priority visibility in the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

62
Posts
33
Votes
Wiley Strahan
  • Rental Property Investor
  • Los Angeles, CA
33
Votes |
62
Posts

Refinancing Small Commercial Building

Wiley Strahan
  • Rental Property Investor
  • Los Angeles, CA
Posted

Hi,

We are looking to refinance a small commercial multifamily building we have in Ohio out of a bridge loan that we used to renovate the building over the last couple of years. The loan amount would be between 900k  - 1M which means it is just under Agency guidelines (know fannie goes lower but I don't think its worth the headache). Would anyone have any recs on location banks, credit unions, etc that would look at a deal like this? Its completely stabilized and some subsidized rent tenants. This seems like there is a large gap in the market for this type of loan.

Thanks.! 

Most Popular Reply

User Stats

415
Posts
95
Votes
Logan Singleton
  • Lender
  • Boston, MA
95
Votes |
415
Posts
Logan Singleton
  • Lender
  • Boston, MA
Replied

Hi Wiley, I'd be happy to look at the property. 

-How many units is it?

-What's the Occupancy percentage?

-What's the Estimated Value and debt owed, if any?

business profile image
Fenway Funding Group
4.8 stars
10 Reviews

Loading replies...