Rock Ridge Business Center
Kyle and Sebastian successfully placed just over $3 million in permanent financing at the Rock Ridge Business Center with a cash out refinance to the borrower!
The property was not fully stabilized at closing and the large number of executive suites was a challenge for some lenders. Through CommCap’s life insurance relationships, Kyle and Sebastian were able to source a long-term, non-recourse loan for the borrowers at a competitive rate and favorable structure.
Loan Amount: $3,187,500
Property Type: Office
Property: Rock Ridge Business Center
Lender Type: Life Insurance
Term: 10 Year
Amortization: 25 Year
Interest Rate: 4.125%
Cash-out Refinance
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Samrose Center
Kyle and Sebastian recently refinanced the Samrose Center office property at a very low 3.50% fixed rate. They were able to source a life insurance company lender that offered a shorter 3 year term, low rate, simple closing process, and cash out to the borrower.
Loan Amount: $1,250,000
Property Type: Office
Property: Samrose Center
Lender Type: Life Insurance
Term: 3 Year
Amortization: 25 Year
Interest Rate: 3.50%
Cash-out Refinance
