Office Building Refinance LTV, 1.70 DCR

Commercial Real Estate Refinance

Aggressively priced 5-year floating rate LIBOR facility. At the borrower’s request, a competitive bid was conducted amongst interested capital providers. Cutting edge terms included no reserves, customization of the recourse carve-outs, limitation of lender’s approval rights, and borrower-friendly provisions in the event of non-monetary default.