Can I Refinance An Upside Down Loan?
E. Kory Stafford
E. Kory Stafford
President and Chief Executive Officer at AMUSA Commercial Capital a division of Alpha Mortgage USA, Inc.
Can I refinance upside down loan - We recently got a call from someone asking if they can refinance their commercial property, even though they are upside down on their loan. Upside down means you owe more than the property is worth. You can refinance an upside down commercial loan, but typically you’ll have to bring the difference in value, and the difference in the equity requirement.