Refinancing Small Apartment Buildings

[Jonathan DiBenedetto]

Hi everyone,

I have two ~10 unit apartment buildings in Ventura, California.  Both have 5-year fixed commercial loans with Chase that are a few years old at just under 4% that are almost 4 years in.  I'm sure I am missing something, but I've been surprised that there doesn't seem to be many resources to understand what financing options are best or available for either rate-and-term or cash-out refinancing.  Any suggestions on resources or lenders would be appreciated!

[Tom Keating]

@Jonathan DiBenedetto I completely agree with @Kevin Romines in regards to a Freddie Mac SBL loan being the most aggressive in terms of pricing and cash-out refi capabilities.  Freddie SBL offers up to 10-years fixed rates, 30-year amortization, non-recourse with interest only capabilities.  PM me if you would like to evaluate your options. Thanks