Aline Capital is pleased to announce the closing of the cash-out refinance of a 14,700 SF retail property located in downtown Anderson, SC. Partnering with a new client, Aline was able to source a local lender that understood the client’s business plan and recognized the long-term value of the real estate, offering flexibility as the downtown Anderson market continues to grow. The loan features a 5-year term with a fixed 6.75% interest rate, an initial 6-month interest-only period, and no prepayment penalty, providing the borrower with flexibility as they continue to execute their business plan. This financing structure not only recaptured equity but also positioned our client into a more efficient debt structure moving forward. Thank you and congrats to all parties involved in making this transaction a success!
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