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Updated over 8 years ago on . Most recent reply

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9
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Kevin Q.
  • Flipper
  • Grosse Pointe, MI
1
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9
Posts

Refinancing for small apartment building

Kevin Q.
  • Flipper
  • Grosse Pointe, MI
Posted

I have had no problem with refinancing my single family and 1-4 unit properties, but now I have an 8 unit that I've improved quite a bit and raised rents over the past 9 months and I don't qualify for the 1-4 unit loans anymore and I'm having a terrible time finding the right knowledgeable lenders that understand and offer the programs that I would  need to refinance this property.  Can anyone lend some advice on where I should look for this type of financing?   I have great equity and credit so why is this so difficult?

Most Popular Reply

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1,250
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Salvatore Lentini
  • Rental Property Investor
  • Doylestown, PA
1,408
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1,250
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Salvatore Lentini
  • Rental Property Investor
  • Doylestown, PA
Replied

Hi @Kevin Q. - welcome to the world of commercial financing :)

A majority of my rental portfolio has commercial loans thru private capital groups so I am quite familiar. PM me and we can discuss details of your refi.

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