Aline Capital is pleased to announce the closing of a cash-out refinance for a 33,000 SF medical office building in Canton, GA. The Sponsor did an excellent job executing the business plan up to this point in positioning the property for a successful cash-out refinance. This transaction also marked the start of a new relationship between our client and the lender. Aline leveraged its deep understanding of the lender’s appetite to secure a structure that positions the Sponsor to stay on track with the business plan. The loan featured a 3-year term at a fixed rate of 6.50%, along with no prepayment penalty if the Sponsor elects to sell the asset, providing ample flexibility throughout the term. Congratulations to all parties involved!
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