Question : How difficult would it be too refinance a commercial property in LA California with good credit over 700?

commercial refinancing

Best answer:

Answer by Ed Atun
Moderately difficult. THe values have dropped 30% due to the recession, but they banks will only loan 80% of the new value. So a building that has a 50% Loan To Value currently will have no trouble. Anyone with a larger loan will have to pay down the current loan to get new financing.