Aline Capital is pleased to announce the closing of a cash-out refinance of a 24-unit multifamily complex in Clinton, SC. Our client bought the property with cash and was able to increase value through an extensive capex program, which resulted in improved rents and occupancy. As the property stabilized, Aline was able to source a competitive loan in a volatile debt environment. This non-recourse Agency loan provided 3 years of interest only and a 30-year amortization with stepdown prepay. Congrats to all parties involved!
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