Denton Office Refinance
StackSource recently arranged financing for the refinance of a 26-unit office building located in Denton, Texas. The property was occupied and the sponsor structured a CAPEX holdback of approximately $500,000. Head of Originations, Richard Caldwell, secured this deal with an 80% LTV and a low 4.2% rate. The lender held their terms and closed as quoted. They worked proactively with the borrower to structure productive solutions addressing borrower priorities and needs of the property.