$2.08M Cash-Out Refinance

Transaction Overview

Senior cash-out refinance of a fully leased Valero fuel station, convenience store, and retail center in Temple, Texas. A focused local bank process delivered 80% LTV on a 25-year amortization with no prepayment penalty, retiring the existing first lien, returning equity to the sponsor, and preserving full flexibility to sell or refinance.

Financing Structure

The assignment was a senior cash-out refinance at 80% LTV with a 25-year amortization and a 6.40% fixed rate for a fully leased fuel station, convenience store, and retail center in Temple, Texas.

Execution

A focused local bank process retired the existing first lien, returned equity to the sponsor, and preserved full flexibility to sell or refinance with no prepayment penalty.