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re: question about commercial property I inherited and what to do with it
Posted on 12/6/23 at 10:26 pm to thesabanizer
Posted on 12/6/23 at 10:26 pm to thesabanizer
I am commercial banker and can answer the lending question. Yes absolutely could borrow against the property to do a building or some other kinda improvement. Can use the land for down payment or pull cash out of it based on value to improve it.
Where are the properties located?
Where are the properties located?
2
Posted on 12/6/23 at 10:48 pm to soupboy10
they are in north Houston, spring area
Posted on 12/7/23 at 7:13 am to soupboy10
quote:
I am commercial banker and can answer the lending question. Yes absolutely could borrow against the property to do a building or some other kinda improvement. Can use the land for down payment or pull cash out of it based on value to improve it.
I bank with chase, should I go in there and seek out a commercial banker or is this more something you need a local bank for? I know when it was time for us to get our mortgage, even though I banked with chase, they weren't the friendliest and we ended up doing our mortgage with truist bank
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