What is the earliest that I could re-fi a commercial property? Its a commercial property that I would want to re-fi in 3-6 months. Is this possible and what LTV could I realistically take out? I want to take some of the equity out but yet cashflow nicely. I’m sitting at 80% LTV right now. Any thoughts?
Sales price of 271K. Appraisal at 340K (legit) 30 yr first at 8.25% interest with a 3 yr balloon. Put down 10%. Seller second at 27K with no payments no interest with a 8 month balloon. Fico mid 7’s.
what type of property is it? Is it owner use? 90% is possible with good numbers but the rates are definately going up unless you go with a very short term loan…