Cash-Out Refinance of a Mixed-Use Commercial Asset

Transaction Description: Shahin Yazdi placed the cash-out refinance of a 7 unit retail and office building 100% occupied by non-credit tenants. The Ventura, California asset leases will roll during the 7 year loan-term, although the capital provider became comfortable funding the return of equity due to the historical occupancy and operational history. Sized to 65% of value, the loan is fixed for 5 years at 4.25% prior to floating at WSJ Prime + 0.50% and amortizes over 25 years with a step-down pre-payment.