RADIX FINANCIAL
  • Home
  • Financing
    • Working Capital, Debt Refi and Consolidation
    • Commercial Real Estate
    • Equipment
    • Business Acquisition Financing
  • Recent Closings
  • Online Application

Recent Closings

RADIX FINANCES TRUST CASH-OUT REFINANCE WITHOUT ANY GUARANTORS

10/5/2015

5 Comments

 
Picture
​When a Seattle-based trustee wanted to cash-out of a commercial property to diversify the trust's assets, multiple banks turned him down because the beneficiaries could not personally guarantee the loan. Thankfully, one of those bankers told the trustee that Radix Financial Group specializes in loans that have been rejected by traditional lending institutions.
 
With Radix's expertise in “tough to finance” loans, we were able to restructure the refinance just like the trustee wanted, without the need for a personal guarantee. Even better – we were able to drop the trust's interest rate from 7% down to 5%.

BORROWER'S ISSUES

  • The Trust could offer no personal guarantors.
  • The Trustee wanted cash-out in order to diversify the trust’s assets.
  • The trust property had been vacant for many years, and only recently filled that vacancy.
  • The trust was involved in litigation related to another property owned by the trust.

RADIX'S SOLUTION

This was another case of looking outside the box. Although the recent vacancy and the brand new tenant scared off the half-dozen lenders who looked over the Trust’s financials before Radix, we knew not to be concerned, as the new tenant was a publically traded company signed to a 10-year lease.
​
Further, although there were no personal guarantors, the LTV was low enough to offset that risk. Finally, we knew that the lawsuit was related to another property and could not adversely affect the cash-out refinance. Therefore, while most traditional lenders would not even offer a simple refinance with so many variables in place, Radix was able to offer exactly what the borrower was looking for: a $900,000 refinance and a $400,000 cash out, for a total of $1,300,000— all at 5%!

To learn more about the different financing options we offer, contact a Radix representative today.
5 Comments
hong kong shelf companies link
2/12/2017 04:28:41 am

This is also a primarily fantastic distribute which I really specialized confirming out

Reply
http://www.slickcashloan.com link
4/3/2018 09:03:30 am

thanks for the tips and information..i really appreciate it..

Reply
Alexander Mirza link
5/14/2018 03:24:36 am

Hey what a brilliant post I have come across and believe me I have been searching out for this similar kind of post for past a week and hardly came across this. Thank you very much and will look for more postings from you.

Reply
best travel merchant accounts link
6/19/2018 01:32:43 pm

Thank you for some other informative website. The place else may just I get that kind of information written in such a perfect method? I have a venture that I am simply now running on, and I’ve been at the glance out for such info.

Reply
no credit check loans online instant approval link
11/19/2018 11:37:49 pm

Keep up the good work , I read few posts on this web site and I conceive that your blog is very interesting and has sets of fantastic information.

Reply



Leave a Reply.

    Back to recent closings

Privacy Policy

Recent Closings

Financing Types

Contact

© 2019 Radix Financial Group 
  • Home
  • Financing
    • Working Capital, Debt Refi and Consolidation
    • Commercial Real Estate
    • Equipment
    • Business Acquisition Financing
  • Recent Closings
  • Online Application