North Carolina Commercial Property Closes on Cash-Out Refinance

In March of 2024, our borrower closed on the cash-out refinance of their commercial property located in Supply, North Carolina. The expansive property consists of six buildings with a combined 89,711 square feet sitting across a 33.4 acre lot. The loan amount for this deal was $2,000,000 and the LTV was 59%.

The loan proceeds from this closed deal are to be used in numerous ways by the client including paying off the current note, providing a 4-month interest reserve, providing funds, and for demolition and working capital to finish architecture and engineering across each of the six structures. 

Thank you to our client for allowing us to have a hand in this deal! We are excited to see the finished products from the client's planned improvements!

Let's see if your deal is a fit for our team here at Commercial Capital BIDCO! We work nationally across multiple industry segments. Let's work together! Submit a deal inquiry today on our website: https://commercialcapitalbidco.com/apply/