Anyone planning to refinance next year?

[Tracy Thielman]

A lot of investors are trying to reposition properties or free up capital without selling. Would love to hear how you're timing your refi decisions.

[Chris Seveney]

Quote from @Tracy Thielman:

A lot of investors are trying to reposition properties or free up capital without selling. Would love to hear how you're timing your refi decisions.

Seeing a lot of people "Try this" but realize they are right around 75% LTV and really cannot pull out what they want as they are cash flowing negative and caught in the abyss. I know an investor in colorado with $100M in assets who I would bet ill be out of business in 12-24 months because of this and another in the southeast with $15M+ in assets but bleeding cash and cannot refinance out, if they can they are getting debt at 15%+ and are just borrowing debt to pay other debt which never ends well. A lot of pain for smaller lenders who bought a lot of properties last 3-5 years.