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Commercial Real Estate Investing

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Greggory Kowalkowski
  • Glenshaw, PA
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Refinancing a Commercial Loan

Greggory Kowalkowski
  • Glenshaw, PA
Posted Nov 16 2017, 07:25

My partner and I are closing on our first property today. The bank requires this to be done through a commercial loan since we formed an LLC to buy the property. The home needs plenty of rehab and then we wanted to refi down the road. I heard someone mention on one of the podcasts that his commercial loans can be refinanced almost immediately upon completion of the rehabbing. I just wanted to know if this is a widely held industry standard or something this particular investor brokered through a relationship with a local bank?

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