John Richert and Corey Knapp arranged the refinance of a single tenant retail building in Highlands Ranch, CO. The loan amount was $2,725,000, 15 year term, and amortized for 25 years.
The loan proceeds were used to payoff the existing loan, smaller balance, with the remainder used as a line of credit future investments. Initial rate was floating and has until spring 2019 to lock rate for 10 years.
