‘Commercial Real Estate Financing Questions’ Archives
Want to refinance commercial bldg, but ALL banks want horrendous fees! Help!!?
I'm shocked. We live in a small town. Wanted to refinance our building to get a smaller interest rate. Called every bank, and they ALL want HUGE fees to refinance our commercial building. Appraisal: anywhere from 00-4000 that WE have to pay, with no control over who they get. A bunch of other fees on top. Plus give them the last three [...]
Does anyone know of a commercial lender in Ohio that will refinance single family properties?
I have a set of 4 single family investment properties and am looking to refinance them on a commercial note? They really are not seasoned and I was wondering if anyone knew of a lender that would refi them and give me some cash out at about 80-85 loan to value? They are all rented and produce a good cash flow monthly and all were recently [...]
Where is the best place to go to get a commercial real estate loan?
I am looking to start a bar in Chicago, IL and I know the building that I want to acquire. I have a partner who is able to put 0-400K into the project but the building itself will cost between 0K-M to acquire and will require anywhere from 0K-200K to restore and convert. I would like to know the best place to go for a commercial real estate loan [...]
