Low Seasoning Commercial Refinancing Lenders

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Devin PetersonBusiness Member
Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 669 votes
1y
Quote from @Mark M.:

I own a 12 unit property in Ohio purchased in December that I'm looking at refinancing. Anyone have good lenders with low seasoning requirements (6 months)? 


 There are a ton of underlying questions that need to be addressed here.

- Are you looking to refinance for the purpose of cash out, or restabilizing the debt? What's the goal?

- Is the property 100% rented or has any vacancies?

- Are you trying to use a new appraised value or original purchase price?

You will have a lot of lenders and brokers tell you different things so these questions matter. Happy to dive deeper together if you want to chat. Good luck!

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  • Joseph Pytcher
    Lender · Plano, TX · Member since 2013 · 312 posts · 71 votes
    1y
    Quote from @Mark M.:

    I own a 12 unit property in Ohio purchased in December that I'm looking at refinancing. Anyone have good lenders with low seasoning requirements (6 months)? 


     We don't have any seasoning requirements. 

    1Reply
  • Devin PetersonBusiness Member
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 669 votes
    1y
    Quote from @Mark M.:

    I own a 12 unit property in Ohio purchased in December that I'm looking at refinancing. Anyone have good lenders with low seasoning requirements (6 months)? 


     There are a ton of underlying questions that need to be addressed here.

    - Are you looking to refinance for the purpose of cash out, or restabilizing the debt? What's the goal?

    - Is the property 100% rented or has any vacancies?

    - Are you trying to use a new appraised value or original purchase price?

    You will have a lot of lenders and brokers tell you different things so these questions matter. Happy to dive deeper together if you want to chat. Good luck!

    [email protected]860-538-3672
    ProAlpha Capital56 Reviews
    WebsiteView Page
    2Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    1y
    Quote from @Mark M.:

    I own a 12 unit property in Ohio purchased in December that I'm looking at refinancing. Anyone have good lenders with low seasoning requirements (6 months)? 


     I have hundreds of lenders to share with you. Simply type out your request and bcc the recipients.

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  • Minh Duong
    Member since 2022 · 19 posts · 10 votes
    1y

    @Mark M. For that property type in Ohio, I would highly recommend you to wait for another month since it's very close to the 6 months seasoning requirements. Because if you don't the pricings going to be very different. For example a 6 months seasoning requirement will give you a 6.5% rate whereas a refi without any seasoning requirement (or 3 months) will have at least an 8% because refi without the seasoning requirement is very rare and not sellable on the secondary market.

    1Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    1y
    Quote from @Mark M.:

    I own a 12 unit property in Ohio purchased in December that I'm looking at refinancing. Anyone have good lenders with low seasoning requirements (6 months)? 


     Hey Mark, 

    A 12 Unit DSCR loan will typically require at least 12 months to Cash Out Refinance on the new appraised value. You may want to try a local credit union or bank to see if they can do a 6 months seasoning minimum.

    Additionally are all the units occupied? Most lenders are going to want to see full-occupancy (handful will do 75% occupancy) On a 12 unit MFH. 

    Lastly, what part of Ohio is this located in? If it is in a Rural Area, it may reduce your LTV. I am seeing this at 65-70 LTV for the time being.

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  • Deven Ziertman
    Member since 2025 · 77 posts · 15 votes
    1y

    If you're looking for commercial refinancing with low seasoning requirements (such as 6 months), it’s still possible, but it can depend on the lender. Many lenders might be more flexible with seasoning requirements, especially if you're working with local or regional lenders. However, refinancing without seasoning often comes with higher rates (around 8%) due to the rarity of such deals. Working with an experienced broker can help you navigate your options and connect with lenders who are comfortable with low seasoning deals.

    0Reply
  • Deborah Wodell
    Lender · Sanford, NC · Member since 2024 · 358 posts · 120 votes
    1y

    This is def possible. I have a few options who can do this if you'd like some help. 

    1Reply
  • Givo Aghasi
    Lender · Los Angeles, CA · Member since 2022 · 238 posts · 73 votes
    1y

    I agree with @Devin Peterson  There are a ton of underlying questions that need to be addressed here. Have you made any improvement to the property that you can document since your recent purchase? @Mark M. 

    1Reply
  • Deven Ziertman
    Member since 2025 · 77 posts · 15 votes
    1y

    For low seasoning requirements on commercial refinancing, some DSCR and portfolio lenders may offer flexibility. Key factors like property occupancy, cash-out goals, and appraised value play a role. Working with a broker can help find the right lender for your needs.

    1Reply
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