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Multi-tenant Retail – Refinance/Cash Out

BALTIMORE, MD

$1,900,000

BALTIMORE, MD

 

Funding Purpose

  • Refinance and pull cash out for future business opportunity
  • Line of credit for extra cash when needed

Property Description

Burger King anchored 4 tenant retail center

Sponsors

The sponsor is an experience real estate investor with over 25 years of investment real estate experience.

Challenges

  • Burger King anchor is a small franchisee
  • Short term leases of other tenants

Solutions

  • Funding through a regional bank with terms that met the client's expectations

Funding

  • Loan Amount (LTV): 50%
  • Interest Rate: 3.5% 
  • Amortization: 25 Y
  • Term: 7 Y
  • Recourse: Partial Recourse
  • Prepayment: No Prepay
  • Line of Credit: $350,000 at 3.75%


Matt Ingle

Matt Ingle

TITLE

Associate Director, Capital Advisor

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