Greetings all, I have a commercial scenario, below are the details.  What rate could we offer?

commercial
refinance
in LA
on Westin
currently occupied to child care center
government program
DSCR is 1.49
building appraised for $1.2mn
$500k loan currently on property
mortgage she’s paying is $3500
income from child care center is $5400
good DSCR

You can email me at taylorgilmore86@gmail.com

I have a broker that is representing the seller in a transaction that is falling out.

Buyer has home listed in Canoga Park for $900k that they need to sell before they will qualify on a home.

Would it be possible to lend in this situation and if so what would be a range of possible rates?

I’m still collecting information but I’d like to give them some general feedback.

Best regards,

Taylor Gilmore