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Updated over 8 years ago on . Most recent reply

User Stats

56
Posts
45
Votes
Johnathan Norman
  • Seattle, WA
45
Votes |
56
Posts

How long before refinancing apartment complex?

Johnathan Norman
  • Seattle, WA
Posted

I purchased a small apartment complex all cash at a nice discount about a month ago with an empty unit and all tenants on a month to month lease. The new unit is leased at a higher rate and i'm on track to raise rents in half the apartments in the next 3 months.  

I love the idea of taking some money out and doing another all cash deal soon. How long do banks typically want you to wait before doing a cash out refi on commercial deals? 

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