Aline Capital is pleased to announce the closing of a cash-out refinance for a 68-unit multifamily property located in Greenville, SC. Throughout the financing process, Aline worked closely with the Sponsor, lender, and legal teams to consolidate the ownership structure into a single borrowing entity and sourced a 7-year, non-recourse loan featuring two years of interest-only payments at a high 5% fixed rate. The Sponsor’s commitment to improving and operating the property created significant value, setting up a substantial cash-out refinance in light of a period of considerable interest rate volatility. Congratulations to all parties involved in a successful closing!
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