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04-23-2024, 05:25 PM #1
- Join Date
- Jan 2024
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Commercial Retail/Restaurant Refinance
Client with three investment Commercial Retail/Restaurant bldgs. looking to refinance out of current 5 -yr. ARM renewed approximately 7 months ago. They are seeking long-term financing (20-30 yr. terms preferred) with no PG. Properties appraised in January 2023 for $12.5MM, and they owe approx. $6MM. Properties are 100 percent occupied, and are located in Tyler, TX.
Please advise if you are interested in funding this asset.
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