Rate Locked at Application
6.00% fixed rate
5-Year Term with 5 year extension option
Client had purchased this property from a lender. It was in rough shape at purchase. Client has completed many upgrades since purchase and is still doing more. Banyan Commercial Capital was able to secure a lender that could work with the sponsor though additional improvements and provide a fixed rate in an area where fixed rate financing is difficult to find, as well as provide cash-out.
Nico Pepia – firstname.lastname@example.org
Michael Brown – email@example.com