What happens when you try to do a cash-out refinance of a five-unit apartment, three quads and four duplexes? Usually, the bank scratches their head and says “no”.
We did a blanket, cash-out refinance loan on all these properties, consolidating them into one convenient payment. No documents, no proof of cash flow — only the property appraisals were needed to solidify this loan. Another commercial real estate investor problem solved by ComCapFL!
Only 3 years after purchasing the CRE for his practice, this medical professional/building owner was buried in debt. The bank said NO to any additional funds. We said “Yes” with an SBA 7a loan for debt consolidation and expansion to build out an op, with funds for marketing and working capital for growth.
The owner of this dental practice was post-divorce and couldn’t close on a home mortgage. Banks said no to a commercial refinance due to credit and cash flow constraints. We leveraged his dental practice’s CRE with a conventional refinance, closed in 30-days with 5-year fixed rate on 25-year amortization.
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