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Updated over 6 years ago on . Most recent reply

User Stats

121
Posts
43
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Kevin Boyd
  • Investor
  • San Diego, CA
43
Votes |
121
Posts

Commercial Loan Question

Kevin Boyd
  • Investor
  • San Diego, CA
Posted

I posted this in another form. 

I purchased a 17 unit, 3 building retail/warehouse space for $2.15 mil. about 16 months ago. At the time it was about 65% occupied. It appraised for $2.3 million. I've done some remodeling, I have it fully rented, and have increased rents a bit. I purchased with an SBA loan with about $450k down.


I'd like to refi into a better rate and potentially capture some equity. This was my first commercial deal. The previous owner recommended I get a new loan through an insurance company. Anyone with a recommendation? TIA

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