Loan Type : Cash-Out Refinance
Loan : $8,100,000
A $8,100,000 cash-out refinance of an 85,000 square foot flex building located in Sharon Hill, Pennsylvania. The non-recourse CMBS loan carries a ten-year term on a 30-year amortization with a fixed interest rate of 4.785%. The loan allowed the client to pay off an existing loan and recoup of over $2,000,000 in equity.