StackSoruce provided a cash-out refinance for this 10,000 square foot multi-tenant industrial property on Orange Street in Alhambra, California, a suburb of Los Angeles. The sponsor, a local investment group that has owned the property for decades, held the asset free and clear but sought cash out for other investment activities.

StackSource Capital Advisor Tom Preston arranged the non-recourse cash-out refinance of $900,000 at a 3.67% fixed interest rate over 10 years, with an optional 10 year loan extension.