Highlights: Clean Deal, Closed in Under 35 Days! - $ 7 million
At TermSt., we liked to tell stories of the challenging deals we get done because we like tough deals, but easy deals are great too. This transaction came to us as a refinance of a maturing CMBS loan. The borrower was experienced and the property was well occupied and had a long history of performance. The sponsor wanted to take some cash out, but after 15 years of ownership, none of our lenders gave us any grief over this. The highlight to this transaction was a quick close and an early rate lock. Easy or hard, bring your deals to TermSt..