$5,050,000 – Cash Out Fixed Rate Perm Multi-Tenant Urban Office Building, Coral Gables, FL

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$5,050,000

Cash-Out Permanent Loan

3.40% fixed rate

Interest only period followed by 25-year amortization

Rate Locked at Application

3,2,1,0,0,0,0,0,0,0

DETAILS:

A very well located stabilized multi-tenant office building in Coral Gables. A major tenant was having covid related issues relating to the entertainment industry being shut down during the pandemic. We were able to secure a lender that would work through this while still providing the necessary loan proceeds and cash out. 

Nico Pepia – np@banyancc.com

Michael Brown – mb@banyancc.com