tagged: Apartment, Brian Peart, Commercial Capital, commercial financing, commercial lending, commercial net branch, Finance, Housing, investor financing, Multi Family, non owner, Residential

$1,035,000 Multifamily Cash-Out Refinance

Posted by admin in Brian's Blog, Commercial Real Estate, Recent Closings

Where:  Albuquerque, New Mexico

Borrower came to us after being turned down elsewhere. They needed to pull cash out of an existing property in order to take advantage of another amazing opportunity and finance some needed improvements.  Appraisal came in low and we ended up needing to cross collateralize another property in order to make this deal work. We ended up closing this unique cash out opportunity with rates in the 5′s, fixed for 7 yrs., and amortized over 30 years!

This is exactly the kind of deal we get done every day at Commercial Capital LTD. We think outside the box in order to get your deal financed! Give us a call today at 770.908.1672.