GSP arranged the non-recourse cash-out refinance for an 8-unit Beverly Hills apartment building. The five-year term is fixed at 4.5% and amortizes over 30 years. The Borrower required a non-recourse return of equity at a competitive rate for their asset that had been owned and self-managed since 1996. The additional liquidity is slated for other real estate investment opportunities. GSP was able to negotiate terms with a lender who agreed to maximize proceeds without the typical requirement for a personal repayment guarantee. The result is an aggressively priced and sized five-year fixed rate loan that offered a 20% return of equity to the Borrower.
