Cash-Out Refinance Helps Client Pursue Projects on Raw Land
In December 2022, our client closed on the cash out refinance of an existing loan. The loan proceeds for this deal will be used to pay off not only current debt, but will also provide working capital for our client to pursue other projects. The collateral property is located in Nashville, Tennessee. While LTV for raw land is lower, we love working raw land deals because the possibilities for our clients are endless!
Requested amount: $6,000,000 // Property size at 120.57 acres of raw land // LTV at 35%
