$2,015,000 – Non-Recourse, Fixed Rate, 10-Year term, Cash-out, Office Building, West Palm Beach, FL

/in

$2,015,000

Cash-Out Permanent Loan

Non-Recourse

3.85% fixed rate

25-year amortization

Rate Locked at Application

Stepdown Prepayment

DETAILS:

Sponsor required non-recourse terms and a bank execution. Not the easiest placement in the current office environment. However, this property had a strong operating history during covid, and excellent sponsorship.  Property has: mostly small local tenants, a few healthcare related, good parking, and is overall a very well maintained property. 

Michael Brown – [email protected]