$7,086,500 – Cash-Out – Refinance – 4 Automotive/Retail Centers in South Florida

$7,086,500

5-Year Fixed Rate Term with 5-Year Extension

25-Year Amortization

6.00% fixed rate. locked at application

No Prepayment Penalty

DETAILS:

These 4 properties were developed by the sponsor and kept as long term holds. Sponsor sought the best rate and term execution in the market, with the most flexible terms. Banyan offered several quotes, and with one sticking out as the best terms in every aspect (loan amount, rate, prepayment penalty, and flexibility). We congratulate the client and the lender on the beginning of a long prosperous relationship.  

Dan Bockstoce – [email protected]

Michael Brown – [email protected]