Anyone successful refinanced a commericial property recently?
Hey BP,
Has anyone been successful in refinancing out of commerical investment properties over the last 60-90 days in a state you DO NOT live in?
I've spoken to about 3 local banks in Cleveland, 1 regional bank, Wells Fargo and CBRE. So far, they either don't want to work with me because I don't live in Cleveland or they're just not offering commercial refinancing on investment properties atm. CBRE has a mininum of $750k
I have $500k invested between two, 6-unit buildings.. and I also own two residential properties that are probably worth about $50-$60k.
If anyone has been able to successfully refi, and you know they're willing to work with an out-of-state owner, please let me know.
Thanks