Borrower wanted to purchase a dry cleaner and convert it into a daycare, which is a very difficult loan to get done.
However, during our due diligence, we discovered the borrower owned a triplex. We refinanced that property so she could purchase the dry cleaner with cash.
There are many situations where taking cash from commercial real estate investments makes sense — and increases income.
Interested in a cash-out refinance? We’re here to help. As a nationwide lender for all commercial real estate loans, Boulder Equity Partners offers a wide range of loan programs, from low-interest long-term products to quick-close options, bridge loan programs that can be migrated to long-term, and hard money loans.