Updated over 4 years ago on . Most recent reply
Balloon payment refi
I'm looking at a 10k sf ground-up flex space spec development opportunity and got the lender terms back which are requiring the the loan term match the tenant lease period. It's a smallish market and I could see the tenant lease running from 1-5 years. Question is how banks typically deal with refinancing... I'm sure it depends on prospects or success at finding a tenant to back-fill but if I can't find someone would they just force repayment and if we don't have it foreclose? What other options would there be other than sell?