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can i refinace my comercial building

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March 01 2009 - San Bernardino
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As with anything, more details are needed. Refinancing your commercial property requires alot more paperwork. For starters, 3 years business and personal tax returns, personal financial statement, cash flow (rents) of property, and all leases if pertinent. In other words, you'll be providing a bank with a lot of information. Most banks will refinance to 75% but will probably require you set up a relationship (deposit account) with them. I hope this helps. Good luck!
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March 01 2009
City Furniture,

By your "Title" I'm guessing this is not income property. Either a Manufacturing Plant or a Showroom. Are you leasing this back to you?

If no income stream, than refinance would be just on loan to value. Commercial properties are just no starting to experience what has been going on in the residential market. Declining Values.

If the loan to value (LTV) is suitable than a refinance may be possible.

Should you wish to discuss this in further detail you may contact me. .... Good luck, Rudi
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March 01 2009
 
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