Inner Circle Capital Advisors is pleased to announce the successful closing of a $364,000 cash-out refinance loan for a vacant duplex located in Athens, Georgia. The property was unencumbered at closing, allowing for a 75% LTV loan with all the loan proceeds going to the borrower. Though currently vacant, new leases are scheduled to commence within 30 days, providing stabilized income going forward.
The cash-out proceeds will enable the borrower to scale their portfolio and pay off existing obligations, enhancing overall financial flexibility. The loan was structured with a 30-year amortization and carries an 8.25% fixed interest rate, offering long-term debt stability.
Capital Advisor: Andrew Bouton
