$3,200,000 Cash-Out Refinance in 35 Days

Transaction Description:  GSP arranged the $3,200,000 non-recourse refinance of a stabilized multi-family property in just 35 days from being introduced to the transaction. The asset was previously Free & Clear so this represented a 100% return of equity on the Southern California apartment building. Timing was critical to meet the borrowers’ investment objectives for an unrelated project. GSP worked with the borrower, lender and 3rd party vendors to present an expedited but fully under-writable package to loan committee.