Inner Circle Capital Advisors is proud to announce the successful cash-out refinance of a 32-unit multifamily property in North Pole, Alaska.
The borrower acquired the property in 2024 for $2.5 million and has spend approximately $150,000 on repairs. Inner Circle Capital secured a loan of $2.64 million (80% LTV) with a built-in future earn-out, allowing the client to fully recapture their equity and achieve cash-out proceeds approximately equal to their cost basis within 2 years of original acquisition. The loan also comes with no prepayment penalty, which will allow the sponsor to revisit the capital stack once the deal is fully stabilized.
Capital Advisors: Brett Rasmussen and Jaideep Chadha
