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Get The Green Light On Your Next Refinance Application

Simplify the Commercial Refinancing Journey with Our Tips and Proven Strategies. Leverage Our Smart-Loan Assessment and Ensure a Seamless Application Process by Identifying Your Eligibility.

The Lincoln James Capital Experience

Understanding Your Commercial Mortgage
Refinancing Options

Hear from Our CEO Sokoni Scott.

Common Challenges In Refinancing

Refinancing your commercial mortgage provides an exciting opportunity to save money on your monthly payments. But guess what, it isn’t without its fair share of challenges. Here’s why:

Property Value

Lenders consider the current value of your property. A decrease since your original loan could affect borrowing capacity for refinancing.

Time-Consuming

Refinancing commercial property takes time due to extensive paperwork and other factors. Approval may require weeks or even months.

Credit Score

Your credit score plays a vital role in the refinancing process. Lenders assess it to determine eligibility and interest rates. If your score has dropped, approval may be impacted.

Closing Costs

Refinancing incurs closing costs, which are standard among lenders. Costs vary but can range from hundreds to thousands of dollars.

Prepare for Success

Understanding these challenges equips you for a smoother refinancing experience.

Preparing for the Refinance Process

Refinancing your commercial mortgage is a transformative opportunity to propel your business forward, and proper preparation is key to ensuring a successful experience.

We are dedicated to assisting you every step of the way by providing guidance on necessary documentation, eligibility requirements, and critical considerations to ensure a smooth journey.

Through refinancing, you can unlock substantial savings and improve cash flow. Our team of professionals with over 70+ years of combined experience will analyze your unique situation, evaluating interest rates, loan terms, and potential for savings. Together, we’ll devise strategies to minimize costs and maximize financial benefits to meet your goals.

Curious about the costs and time frame involved? Schedule an appointment with our experts for personalized insights. We’ll delve into the specifics of your situation, discussing refinancing costs and providing valuable information to make informed decisions.

Assessing Your Refinance Eligibility

What Do Lenders Look For?

Securing refinancing for commercial mortgages requires meeting specific eligibility criteria, varying among lenders and loan types. Here are key factors commonly considered for approval:

Credit Score

Most lenders require a minimum credit score of 620 for refinancing applications. However, some lenders may accept lower scores based on consistent loan repayment history.

Debt-to-Income Ratio (DTI)

Lenders assess your DTI, which measures the portion of monthly income allocated to debt payments. Typically, a DTI below 50% is preferred, but lenders may have flexibility depending on other factors.

Equity

For conventional loans, having at least 20% equity in your property is usually required. This means your property’s value should be 20% higher than your current mortgage balance.

Loan Amount

The value of your property and income determine the borrowing capacity for refinancing. Most lenders allow borrowing up to 80% of the property’s current value.

Additional Factors

Lenders may consider factors like income stability, employment history, and housing expenses in the refinancing approval process.

Understanding these criteria is essential for assessing your qualifications for commercial mortgage refinancing. Leverage the benefits of our refinance assessment that is specially designed to evaluate your eligibility on a unique and personalized basis.

Hear It Straight From Our Clients.
Testimonials That Speak For Themselves.

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Brigitte Grava

Financial Analyst

Brigitte Grava, an accomplished scholar from the University of Tampa, holds both a Bachelor’s Degree in Economics and a Master’s of Science Degree in Entrepreneurship from her alma mater. Brigitte’s dedication to academic excellence is shown in her performance as an undergraduate student as she was invited to the Adam Smith Economic Honor Society in addition to graduating from her Master’s program at the top her class in 2022. With over 5 years of industry experience, including a specialized focus on mergers and acquisitions during her 3-year tenure at a boutique investment bank, Ms. Grava brings a wealth of financial expertise to her endeavors. Her exceptional execution of economic and financial analyses, coupled with her strategic insight, empowers her to provide invaluable recommendations for business growth and corporate development. Brigitte is skilled at navigating intricate M&A transactions, consistently delivering optimal outcomes for her clientele. Her track record speaks volumes about her ability to handle every facet of these transactions with finesse, resulting in remarkable results for her clients.

Alyssa Beatrice

Capital Markets Associate

Alyssa plays a pivotal role in facilitating financial transactions among key stakeholders. She specializes in sourcing lenders and investors, structuring financing solutions, and managing key client relationships. With extensive experience in real estate and business development, she excels at identifying market opportunities and fostering strategic partnerships. Alyssa is instrumental in overseeing deal pipelines, securing funding, conducting due diligence, and ensuring seamless transaction execution. Her deep industry expertise and commitment to excellence empower clients to optimize their capital strategies while driving long-term success for the firm.

Andrew Millis

Commercial Loan Originator

Armed with a bachelor’s degree in business administration, specializing in Personal Finance from the University of Wisconsin Stout, Andrew possesses a wealth of knowledge and expertise in the Commercial Finance industry. With a solid background in community banking spanning 3  years and an additional year as a commercial credit analyst at Bankers Healthcare Group, he has demonstrated exceptional proficiency in the financial domain. Notably, Andrew has also successfully ventured into the real estate sector, establishing three thriving businesses in recent years.

Beyond his professional pursuits, Andrew cherishes quality time with family, friends, and his two beloved dogs. He finds solace in exploring new destinations through travel and engaging in outdoor activities such as hiking, golf, pickleball, and hockey. A true sports aficionado, he ardently supports the Green Bay Packers, Milwaukee Brewers, and Chicago Blackhawks.

Alex Cheng

Senior Vice President

After receiving his Bachelor degree in 1978, Alex started his professional career with a reginal CPA firm in New Orleans as Auditor. In 1980 he moved to Los Angeles to join ABPA, a national employee benefit administration firm.  He was promoted to Accounting Manager when he left the firm in 1988 when he was recruited by Dallas TX based Caltex petroleum Corporation, a JV of Chevron USA and Texaco Oil Company.  Alex served as Director of Finance in various countries, including the Philippines, Greater China (China, Hong Kong and Taiwan) and Australia.  Alex left Caltex in 1995 to start his own accounting firm in Burlington North Carolina.  By 2006 his firm has grown to a regional presence with offices in Cary, Burlington, Greensboro, Charlotte and Rock Hill, SC.  Alex sold his successful practice in December 2006 just before the latest financial meltdown.  Since 2007, operating under the firm name Alliance Consulting Group, Alex has been a financial and management consultant advising clients on complicated fiscal matters and improve overall efficiency in management and operation.  In 2015, Alliance Consulting added digital marketing to its service area to meet the changing landscape of business.  Currently his firm manages private equity funds of Family Offices and other high net worth individuals, with focus on multi-family apartments and purpose-built Student Housing apartments near major universities throughout the country.