Light Industrial Client Closes Cash-Out Refinance in New York

A light industrial client came to Commercial Capital BIDCO looking for a solution where they could pay off their current note as well as reach a few other financial goals for their business. In February of 2024, our client closed on the cash-out refinance of their commercial property located in Port Jervis, New York. Spanning close to 40,000 square feet, the property provides multiple services within the food manufacturing industry including but not limited to food product packaging, ambient fill, custom product creation, and private label.

The loan proceeds of $2,430,000 from this cash-out refinance are helping the client to reach their goals by paying off their current note, providing a 6-month interest reserve, providing funds to pay off taxes, pay down credit cards, and provide working capital for future needs. 

We look forward to seeing the enhancements that our client is able to provide in the future as well as reach the goals they continue to set as a business!

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