Do you need cash to do some repairs or to buy a new investment property? Are you considering selling a property to get the cash? Let’s go through some reasons why you should do a commercial cash-out refi instead of selling: 

Cash flow

If the property you are thinking of selling has good cash flow, why get rid of it? When you do a cash-out refi, you keep the property, the income it generates and avoid paying capital gains. 

Low interest rates

Whether you have an existing mortgage or your property is free and clear, now is the time to refinance. Interest rates for commercial mortgages are at historical lows in the United States. The Fed has indicated their intention to increase interest rates over the coming year. It would be wise to lock in the rates as soon as possible.

No taxes

You don’t pay taxes on the proceeds from a cash-out refinance, whereas you will be required to pay capital gains from selling the property. That means you get to use it all and not Uncle Sam!

How To Get Started?

Some banks have restrictions on what you can use the cash-out proceeds for, so let us introduce you to a lending partner that doesn’t have any restrictions. Simple Commercial Capital will help you find the best lender to close your unrestricted commercial cash-out refinance. Give us a call at 1-866-554-1120 to discuss your options in more detail. Our goal is to make this process as simple as possible for you.