Refinance or Sell My Apartment Complex?
With the threat of rising mortgage interest rates, I’m trying to figure out whether to refinance or sell my apartment complex. Which choice could provide the quickest cash in my pocket now? That is my primary goal – quick cash.
Refinancing seems like it would be faster once approval is confirmed. But what if refinancing does not go through for some reason? Commercial lenders each have specific criteria for making loans, which partially depend on the properties in their current loan portfolio.
Selling to a real estate investor would most likely be the fastest method of selling my apartment complex. Investors often pay cash and close fast because they have the resources and the systems set up to provide all the sale and closing documents, and the title companies they need to close transactions.
Sell Apartment Complex to We Pay Fast
I discovered the professional buyers at We Pay Fast and wrote down their contact information a few weeks ago. By calling 1-800-WePayFast (1-800-937-2932), emailing info@wepayfast.com, or completing the contact form on wepayfast.com I can get in touch with property investors who pay cash and close fast. In addition, they pay all the closing costs of their purchase transactions.
Before spending much time exploring interest rates and loan application procedures for a commercial loan, I intend to call We Pay Fast. It would be much faster and easier to work directly with a cash buyer. Time is a big factor in my decision making now.
A call to 1-800-WePayFast (1-800-937-2932) is my first step to know whether to refinance or sell my apartment complex.