PrivateMoneyLending.com is excited to announce the successful arrangement of a cash-out refinance for a full commercial building in New London, Connecticut. The loan amount of $800,000 comes with a competitive 6.5% interest rate and a 5/5/5 30-year term structure. One of the key benefits of this financing option is the absence of a prepayment penalty and the lack of a personal guarantee requirement.
This cash-out refinance provides the borrower with the opportunity to access the equity in their commercial property for various purposes, such as expanding their business, making improvements to the property, or investing in other ventures. With our aggressive terms and competitive rates, borrowers can leverage their commercial real estate assets to achieve their real estate investing goals.
Located in the vibrant city of New London, Connecticut, this full commercial building offers a prime investment opportunity. The favorable loan terms, including the 5/5/5 structure, provide the borrower with stability and predictability in their financing arrangement. Additionally, the absence of a prepayment penalty gives the borrower the flexibility to pay off the loan early without incurring additional costs.
At PrivateMoneyLending.com, we specialize in arranging tailored financing solutions for commercial real estate properties. Our team of experts works closely with borrowers to understand their unique real estate investment needs and goals, ensuring that they receive the best possible real estate financing options.
Contact us today to learn more about our cash-out refinance options for commercial properties.
