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COMMERCIAL CASH OUT REFINANCE

-This multiple time return client came back to us looking to cash out refinance his 8 unit Commercial apartment complex pictured below.


-He originally purchased the building for $2.7 million. In 2019 he came to us looking to cash out refinance his property to both lower his monthly interest rate, and cash out from his previous mortgage to REINVEST in real estate by putting a down payment on another property!


-By Cash out refinancing the property from a $2.7 million dollar loan to a new $1.9 million dollar loan we accessed a $500,000 cash out that he used to pay the down payment for his next real estate investment!


-We also lowered his monthly interest rate saving him money each month on his mortgage!



#refinance #property #realestate #mortgage #house #home #building #business #smallbusiness #finance #bank #money #loan #loans #loanofficer #broker #reinvest #invest #investing #cash #property #landlord #owner #fundsourceinc #chasecapital

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