Coop Refinancing - Commercial Mortgage Reference?

Hi Brownstoners –   Our coop is looking to refi – but are having trouble finding a commercial mortgage broker to help us.  We have a small building – our loan amount is @ 250K – and that’s been a challenge to find banks that will lend to us.   Looking for any suggestions of commerical mortgage brokers that people have used/like/trust?   Thanks!

jaxhouse

in Mortgage 13 years and 7 months ago

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CG11231 | 13 years and 7 months ago

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Hi, we just refinaced a 4 unit co-op on Sackett St. in Carroll Gardens through Emigrant Funding Corp. for $100k @ 6.99%. We went through a broker, who was recommended, because the amt. was so low and we couldn’t find a source on our own.  But maybe you can try bank directly: 6 E. 43rd St., NYC. 212-850-4880 and see what happens.  If that doesn’t work try broker we used Matthew Murphy (very nice guy):  mmurphy@reversesareus.com Matthew Murphy
Senior Advisor
Reverses Are Us, LLC.
527 Townline Rd Suite 300
Hauppauge, NY. 11788

Office: 631-780-6262
               631-780-6263
   Fax:    866-901-7766
  Cell:   516-445-4163 Good luck!