Hard Money Equity Cash-Out Loan for 5-Unit Property in Chaska, Minnesota
Loan Amount
$400,000
Loan Amount
$400,000
Deal Summary
Cash-out refinance on a 5-unit apartment complex.
Proceeds paid off a balloon payment and funded renovation of all five units.
Structured to bridge to long-term financing after stabilisation.
Deal Highlights
- Cash-out refinance on a 5-unit apartment complex.
- Proceeds paid off a balloon payment and funded renovation of all five units.
- Structured to bridge to long-term financing after stabilisation.
Loan Originator
Reed Myers
Principal, Myers Capital Hawaii
Reed is the Principal of Myers Capital Hawaii, an award-winning, privately-owned residential and commercial mortgage banking company. As a second-generation family business owner, Reed has been personally involved in over $1.5 billion in loan originations, helping thousands of clients throughout the country.
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