26 unit, three buildings, refi, with some challenges, thoughts?

[Christian Beebe]

Hello all,

Been doing investing for many years and finally had a chance to join up here as we are looking to move forward with our investments but need some help/advice.  Three years ago we purchased one ten unit apt building and then the next year we purchase the exact same two buildings next door, totaling three buildings at 26 units.  

Buildings cash flow nicely and they current rates are 5.5% five year fixed loans and are run by a 30 year old property management company.

Current values of both loans are $272,811 & $155,395, all paid on time.

Properties are held in two Ohio LLC's.

Buildings are worth much more now so we are at a point that we would like to refi both loans into one loan and take out some cash to use for other deals going forward...as well as some building improvements.  

Here's the catch.  I personally started and ran a company ten years ago that unfortunately a year ago had a very bad CFO that mismanaged funds and stole a bunch of money.  This left me personally dealing with a very, very nasty bank (per the lawyers) that left me personally with no choice but to file a personal BK (from a business standpoint) to protect my family/assets from them.  BK was discharged about five months ago and before that my credit was perfect, all bills paid on time...heck even after the BK all bills paid on time, etc.  

So we are needing to find an organization that can look past this Scarlet letter and see the history of the buildings, the cash flow, the fact that all bills/loans have always been paid, and that's it's a new day and help get these loans combined into one lower rate loan with some cash out, etc.

So turning to you all and your experience to help out or direct us/me to people who you know personally, have dealt with, or anyone who might be able to help out.

Sincerely,

Christian

Villefranche Properties, Inc