

Ben Karolitzky
Director
Cash-out 9 months after acquisition! Our clients came to us about six months after purchasing this property. They had already done an incredible job executing their business plan and significantly increasing the property's NOI. The goal was to pull cash out without getting locked into a loan with a prepayment penalty as there was a possibility they'd sell the property in the near future. Most lenders aren't comfortable with a cash-out refinance that soon after acquisition. We were able to close a cash-out refinance just NINE MONTHS after the purchase with NO prepayment penalty. The Sponsors not only got all of their original equity back, but walked away with additional cash above their initial investment. Every deal is different. Knowing which lenders can get comfortable with a borrower's story is what makes the difference. ____________________________________________________ If you're financing or refinancing commercial real estate, I'd be happy to see if I can help.











