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
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 over 4 years ago on . Most recent reply

User Stats

42
Posts
23
Votes
Frank Chirkinian
  • Real Estate Investor
  • Boca Raton, FL
23
Votes |
42
Posts

Commercial Property Refi and Listing at the same time? Yes? No?

Frank Chirkinian
  • Real Estate Investor
  • Boca Raton, FL
Posted

I'm in the process of refinancing a multifamily property of mine in Fort Myers, Florida and I'd like to listing the property on Loopnet at the same time.  Wondering if anyone out there in the commercial mortgage market can let me know if this is a no no.

I do know that in the residential market, listing your property on the MLS will more than likely kill your refinance. I don't plan on listing the property on the MLS...just Loopnet.

Any thoughts from the finance crowd would be appreciated.

Most Popular Reply

User Stats

3,900
Posts
3,570
Votes
Evan Polaski
#5 Multi-Family and Apartment Investing Contributor
  • Cincinnati, OH
3,570
Votes |
3,900
Posts
Evan Polaski
#5 Multi-Family and Apartment Investing Contributor
  • Cincinnati, OH
Replied

@Frank Chirkinian, I am more confused as to why?  Do you think you the property will take a while to sell?  Is your mortgage coming due? 

The refi will cost you money, and many commercial loans have prepayment penalties, so why refi and spend the money just to turn around and sell the asset anyways?

  • Evan Polaski
  • [email protected]
  • 513-638-9799
  • Loading replies...