Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

14
Posts
5
Votes
Jon-Michael Veronesi
  • Investor
  • West Springfield, MA
5
Votes |
14
Posts

Refinancing and pulling equity in a commercial loan unde an LLC

Jon-Michael Veronesi
  • Investor
  • West Springfield, MA
Posted
I have a 30 unit in an LLC with quite a bit of equity and was wondering if it’s the same as refinancing a house. I know I’m not able to get a HELOC. Basically, I’m wondering if I can just pull 70% of that and BRRR with it.

Most Popular Reply

User Stats

233
Posts
188
Votes
Juan Vargas
  • Investor
  • Houston, TX
188
Votes |
233
Posts
Juan Vargas
  • Investor
  • Houston, TX
Replied

@Jon-Michael Veronesi You definitely can refinance the property if the numbers work out. The lender will have to make sure it meets the minimum DSR (NOI/ Debt Service), usually at 1.25.

Loading replies...