Freeport, ME Refinance
StackSource recently arranged a maximum LTV (approximately $1.35MM) cash-out permanent refinance loan on a nine-unit multifamily apartment building with a first-floor retail space. The sponsor was looking to do their first refinance out of a commercial property after years of ownership.
StackSource Senior VP of Business Development, Beth Mercante, and Capital Advisor Omar Hamza helped find them financing with a local bank that worked with them every step of the way until closing. The sponsors were able to pull out $1.25MM from the unencumbered property allowing them to make other CRE investments.