$1,995,000 – Cash-Out Refi, Medical Office within Residential Condo, Miami, FL

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$1,995,000, cash out refi

7.5 year fixed rate loan + 5 year extension option

25 year amortization

3.75% fixed and locked at application

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

Property consists of entire grade level commercial condominium, and adjacent 7,425 square foot surface parking lot, a well as 31 garage spaces. We had financed this property a few years ago, and were able to provide cash out and a lower rate and payment to sponsor.

Closed by Michael Brown

mb@banyancc.com