Comment

Comment by Mark Arnold on April 29, 2016 at 7:42am

CLOSED: $5.725 million loan amount for rate/term refinance.

Property: Two self storage facilities, Miami, FL and Endicott, NY. Combined 181,919 SF. 10 year fixed, 30 year amortization.

Challenge: New York property was outside of large CBM and didn't have large cash flow. Several lenders wouldn't refinance it.

Solution: Combined both properties into one loan, interest rate in the 4's.

If you know of anyone who owns, or wants to own commercial property please let me know!