$2,000,000 Refinance on Four Free & Clear Lots

Category

Tags

Property Type

Loan Type

July 22, 2022

We are pleased to announce closing a $2,000,000 refinance of four cross-collateralized parking lots in Honolulu, HI. The subject properties, which are blocks apart, are in top-notch locations within walking distance to Waikiki Beach and the University of Hawaii. All four properties were free and clear, allowing our borrower to refinance and pull cash out to invest in purchasing and developing nearby units.

Closing Highlights:

  • 39% Loan to Value
  • Free & Clear Properties
  • Out-of-the-Box Structuring

You May Also Like…

$5,500,000 Cash-Out Refinance

$5,500,000 Cash-Out Refinance

PAIA, HI- For a cash-out refinance, our repeat borrower wanted to utilize the existing equity in their beautiful...

Rodeo Lending
Loading...