$9,500,000, cash out refi
5 year fixed rate loan + 5 year extension option
25 year amortization
3,2,1,0,0 prepayment penalty
Regional Bank execution
A 2 story suburban office with 105,000 SF. Tenants include: Garda, Dial America, Countrywide, Florida Care. This is a cash out refi of a permanent loan, now with a lower rate, more dollars, and was locked prior to rates increasing.
Closed by Ross Nimhauser and Michael Brown