Rental Property Investor · Mission Viejo, CA · Member since 2014 · 230 posts · 113 votes
I am interested in finding a bank/mortgage company/etc that can help me refinance 3 loans I opened in March at high interest rates. One is a commercial (apartment) loan and the other two residential loans (2 SFRs/one duplex). My goal is to reduce monthly payments and hopefully get better interest rates. Where should I start? Thanks.
Real Estate Broker · Portland, OR · Member since 2015 · 201 posts · 98 votes
9y
@Bill Manassero I'm not sure about commercial as I haven't had the need yet. I would add to your list unionsavingsbank, the Indy location. They were recommended and do commercial.
Pittsburgh, PA · Member since 2016 · 43 posts · 11 votes
9y
B2R and Lima One are two options, but their long-term rates are not great, and they both have prepayment penalties for the first five years of the loan (or at least they did 18 months ago when I last worked with them) I worked more with B2R on a large portfolio for a previous employer.
Real Estate Broker · Portland, OR · Member since 2015 · 201 posts · 98 votes
9y
Hi Bill,
If you are looking for conventional loans in your name, Elements Financial in Indy has great rates/terms for the SFR and Duplex. I'm also talking with Fifth Third Bank for my next Refi.
Rental Property Investor · Mission Viejo, CA · Member since 2014 · 230 posts · 113 votes
9y
@Aaron Cullen Thanks! Good info, although in Indy I am I looking for a commercial loan re-fi for the 22-unit. Do you think either of these would work for that?
Real Estate Broker · Portland, OR · Member since 2015 · 201 posts · 98 votes
9y
@Bill Manassero I'm not sure about commercial as I haven't had the need yet. I would add to your list unionsavingsbank, the Indy location. They were recommended and do commercial.