Loan Type : Permanent Refinance
Loan : $3,500,000
A $3,500,000 permanent refinance of an 87,000 square foot industrial/flex building in Norristown, Pennsylvania. The seven-year loan carries a fixed rate of 4.15% on a 25-year amortization. It was underwritten at 75% loan-to-value and provided of over $1,000,000 of “cash-out” to the client.