Looking to refinance Commercial Real Estate
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  1. #1

    Looking to refinance Commercial Real Estate

    PA Commercial real estate:

    2.5 Acre Land
    Office building
    3-Bay repairs garage

    Last appraised over a year and half ago at $475k, but current appraisal would be $500k+.

    Ongoing loan with a local bank for slightly over $250k outstanding (5 years)

    Looking to refinance. Preferably 15 years at a decent interest rate.

    Property is owned by PA LLC. LLC was incorporated in 2009. LLC was purchased by Delaware C-Corp in July 2018. Revenues and profits have held steady post acquisition.

    Please note: Directors of the purchasing entity (Delaware corporation) are foreign without SSN.

    Please let me know if any other info is needed. Please PM me or reply here. Whatever you prefer

    Thanks
    RP

  2. #2
    Senior Member Reputation points: 11375
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    Quote Originally Posted by stmarys View Post
    PA Commercial real estate:

    2.5 Acre Land
    Office building
    3-Bay repairs garage

    Last appraised over a year and half ago at $475k, but current appraisal would be $500k+.

    Ongoing loan with a local bank for slightly over $250k outstanding (5 years)

    Looking to refinance. Preferably 15 years at a decent interest rate.

    Property is owned by PA LLC. LLC was incorporated in 2009. LLC was purchased by Delaware C-Corp in July 2018. Revenues and profits have held steady post acquisition.

    Please note: Directors of the purchasing entity (Delaware corporation) are foreign without SSN.

    Please let me know if any other info is needed. Please PM me or reply here. Whatever you prefer

    Thanks
    RP
    PM sent.

  3. #3
    Quote Originally Posted by rdgllc View Post
    PM sent.
    Thanks, I replied.

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