I’m asked almost daily if a new real estate investor should buy houses or apartment units. The answer isn’t cut and dried as it’s different for each person. Here are some of the important pros… Should you Buy Investment Houses or Small Apartment Buildings?
Property Type: Retail Purpose: Refinance Loan Amount: $1,154,000 Location: Manassas Park, Virginia A small business owner in Virginia wanted to refinance their retail property, but a refinance a few months previously prevented them from working with… Refinance – Retail
Property Type: Automotive Purpose: Refinance Loan Amount: $1,375,000 Location: Denver, Colorado A group of owners wanted to cash out equity in their automotive property to consolidate debt and pay off personal loans. Traditional lenders weren’t… Cash-out Refi – Automotive
Property Type: Warehouse Purpose: Refinance Loan Amount: $1,090,000 Location: Brentwood, New York A borrower in New York was looking to refinance their warehouse property and needed a fast closing to get a reduced payoff on… Refinance – Warehouse
Property Type: Office Purpose: Cash-out Refinance Loan Amount: $1,416,000 Location: Falls Church, Virginia A prospective borrower in Virginia was looking to take a significant amount of cash out of their office property to invest in their core… Refinance – Office
Property Type: Office Purpose: Cash-out Refinance Loan Amount: $1,216,000 Location: West Covina, California A borrower in California was seeking working capital for business expansion purposes but was not able to work with banks. We were able… Refinance – Office