John McCallum, Borrower’s Advocate, worked with the owner for the refinance of a multi-tenanted retail property. At time of purchase, the property was partially occupied and needed property improvements to increase occupancy. Upon completion, the owner sought to obtain a cash-out refinance to pull out the equity and take cash-out proceeds. Sized to a 1.35 dscr, Turton Commercial Real Estate provided a $3.6MM ten year loan and provided over $1.8MM in unrestricted cash-out proceeds to the property owner. Pricing was 5yrT + 2.5% | 
