Updated about 1 year ago on . Most recent reply
Is CRE cash out refi for income producing property still available?
We bought an industrial warehouse for ~$250k and is in the process of renovating it. The goal is to finish the renovation by November and then rent the warehouse to tenants. Our estimated ARV will be ~$850k. Currently the entire project is being funded by our own cash and we are looking for financing options to pull out our capital once our asset is stabilized.
I had one conversation with a CRE lender and she indicated that CRE cash-out refinance is not really available these days given market condition. Is this true?
Most Popular Reply
Hi Ivan,
Happy to connect! Depending on the area I might be able to help.
- Brandon Croucier
- [email protected]
- (310) 480-7355
ALL LOANS FUNDING
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