Case Studies ยป Pensacola Multifamily Refinance (Cash-Out)
Inner Circle Capital arranged a successful cash out refinance for a 22-unit multifamily property located in Pensacola, Florida. The borrower successfully secured a loan amount of $1,822,000. The loan term is set for 7 years with a fixed interest rate of 5.52% and an amortization schedule of 30 years. The cash out transaction was completed within the first year of ownership.
One notable challenge encountered during the closing process was the difficulty in obtaining property insurance due to the property being located in Florida. Given the state’s exposure to natural disasters, securing an appropriate policy was a critical step in finalizing the loan. In response, the borrower was provided with a referral to a trusted insurance agent, which enabled them to successfully obtain the necessary insurance coverage.
Capital Advisors: Andrew Bouton and Jaideep Chadha
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