Property: Light Industrial
Deal Type: Cash-out Refinance
Loan Amount: $2,667,000
This was a 25-year, 5/1 Hybrid ARM, Fully Amortizing, Cash-out Refi of a 2-tenant, 105,000 sq ft light-industrial warehouse in Jackson, Mississippi closed by Stronghill Capital. The loan proceeds will be used to pay off a mortgage loan and purchase another property. The broker was awarded 1 point at closing.
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