Brighton Office Cash-out Refinance

3.85% Fixed, Cash Out
Office building with railing located at the entrance of the building surrounded by greenery and located next to a parking lot.
Amount: $
Interest Rate: 

StackSource recently closed a cash out refinance loan for a 100% occupied, 6-unit office building located in Brighton, MI.  The borrower acquired the property for 100% cash in December 2019, and will now use cash out proceeds from the loan to acquire additional investment real estate in Southeast Michigan.  Capital Advisor Chris Peters secured financing from a credit union lender that provided a 10-year term and 20-year amortization, with the rate fixed at 3.85% for the first 7 years.

Charitable Cause supported by 1% of StackSource's revenue on this transaction:
City Relief