Refinancing a weekly rental

1 Reply

Good morning!

I recently bought a weekly rental apartment building in Central Florida.  It's a 24-unit building with 15 efficiencies, 6 1BR, and 3 2BR units.  

When I purchased the building I used private money at 11% and would like to refi.  I purchased the building for $660k but it's recently been appraised at $1M.  My private loan is for $580k.

I've tried Freddie Mac but their lenders require proof of leases which I can't provide because it's a weekly rental.

Does anybody have recommendations for a bank who can provide competitive rates that would be interested in refi-ing this building?

Thanks in advance!
Robert.