Cash-Out Refinance

$52,315,000 138,00 SF Retail Center Cash-out Refinance

Location: California
Loan Amount: $52,315,000
Term: 10 Years
Amortization: 25 Years
Execution: Life Insurance 

District Capital recently arranged a cash-out refinance on this 138,000 SF retail center. A life insurance company lender was chosen rather than CMBS due to the ability to lock the interest rate at loan application for 120 days and the ability to release a parcel from the collateral without penalty during the loan term.