Case Studies ยป Multifamily Refinance in Barberton, Ohio
Inner Circle Capital arranged financing for a cash-out refinance on 34-unit multifamily property. The owner had bought the property in October 2022 for $1.2MM. The owner improved the property by repairing the roof, parking lot, unit turns, and common areas. The owners were out of state sponsors looking to completely pull out their equity in the deal, which this transaction provided. Inner Circle Capital was able to able to obtain a rate float-down during the rate lock period when treasury rates came down. This allowed for higher loan proceeds and better terms for the borrower without having to restart the process.
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