John Richert and Corey Knapp arranged the refinance of an owner user property located in Denver Metro. The loan amount was $3,200,000 amortized for 20 years with a 10 year loan term. The rate adjusts at the end of year 5.
The loan was used to refinance the current debt, lower their interest rate, and get some cash out to the borrowers. The loan was completed by a local bank.