GSP arranged the refinance of an 8-unit North Hollywood apartment building. The Borrower, a Tenants-In-Common (TIC) group of investors, required a cash-out refinance for a free & clear property that they have owned and managed since 1995. The Borrower wanted to take advantage of current historically low interest rates and to access available equity. GSP was able to negotiate the requirement for only one TIC investor to execute the carve-out guarantee.
