Cash Out Multifamily Refinance GSP successfully placed the fully-leveraged refinance cash-out of an Orange County multifamily property. The loan was rate-locked at application for 90 days. The borrower utilized a unique option that allowed him to re-lock the rate at the then lower 6.18% coupon just prior to close. The loan is fixed for the entire 15 year term and self-liquidates, mitigating all interest rate and balloon risk.
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