Frequently asked questions
Straight answers about refinancing a commercial loan that's coming due.
When should I start working on my refinance?
Ideally 9 to 12 months before your maturity date. A commercial refinance usually takes two to three months from application to closing, and starting early leaves time to compare offers and negotiate. If your date is closer than that, reach out anyway.
Is there an upfront cost?
No. There's nothing to pay upfront, and you're never obligated to accept an offer. Our fee is set out in a written agreement before we begin work.
What types of properties do you work with?
Apartments, office, retail, industrial, self-storage, hotels, medical office, mixed-use, manufactured housing, senior and student housing, and owner-occupied business property. If your property produces income, ask us.
Do you work nationwide?
Yes. We work with owners and lenders across the United States.
What if my property won't support a new loan for the full payoff?
It happens, especially with loans written when rates were lower. Options can include a lender that allows more leverage, a longer amortization, a bridge loan, mezzanine debt or preferred equity, or a partial paydown. We'll show you what's realistic for your property.
What will lenders ask me for?
Typically:
- A current rent roll
- Operating statements for the last 12 months and the two prior years
- Your current loan statement
- Personal financial statements and schedules of real estate owned for the principals
- Recent tax returns
You don't need all of it to get started.
My loan has already matured. Can you still help?
Contact us right away. Depending on the property and your lender, there may still be refinance or bridge options.
Do I have to take the loan you recommend?
No. You see the offers side by side and the choice is yours.
Get ahead of your maturity date.
Send us a few details about your loan, and we'll get back to you with next steps.
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