by David Repka
Bison announces the closing and funding of a massive cash-out refinance on a 2.5 star mobile home park on Florida's West Coast.
Overview:
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- 2.5 star family mobile home park
- $10.92 million loan pays off loan balance <$1 mm for massive cash-out
- 10 years IO
- Fixed-rate of 2.89%
- Non-Recourse subject to bad-boy carveouts
Bison has closed multiple transactions with the sponsor.
All parties to the transaction were thrilled with the result with the lender sharing:
"Congratulations on the closing! A 2.89% rate, that’s insane!
I think I can safely speak for our group when I say that we’ve thoroughly enjoyed working with you and the Bison Financial Group team on this deal!
Definitely keep David and Jared close, they have been clearing the path for this refinance to ensure a smooth process since day one."
Click to learn more about:
Bison's Track Record of successful closings