Arriba Capital Closes a $5,460,000 Cash-Out Refinance: Fresno, CA

Arriba Capital successfully closed a $5,460,000 cash-out refinance for a 160,000+ S/F industrial building just outside of Fresno, CA.

The proceeds were used to refinance the existing private money debt while providing the sponsorship enough cash-out to complete two additional real estate acquisitions. The 15-year loan, 30-year amortization, was sized to 70% LTV and priced at 4.75%. From start to finish the loan was closed in just under 60-days.