Short, Quick and To The Point:

Short term, high interest debt eats up otherwise productive cash flow in any small to medium sized business.

Rolling short term business debt into a long term commercial mortgage lowers principal & Interest payments, thus freeing up cash for smarter and cheaper purchasing of goods and services for beter wholesaling/retailing.

For astute business owners, better cash flow always translates into increased gross profit margins.

Are "Cash Out" commercial refinances available?

Yes!  But here is what it takes to qualify:

• The total of your present outstanding commercial mortgage balance, plus the "Business" short term debt to be paid, plus the closing costs (if rolled in), must be less than 60% of the loan to value (LTV) of the new mortgage.
• LTV will be determined by the property's cash flow and debt service coverage ratio (DSCR) that typically must equal 1.25 or better.
• Proceeds over and above paying off the old mortgage will be disbursed by the new lender to your listed and confirmed creditors

If the above is interesting to you, but confusing, call us and we will do a free analysis.

Cash does wonders for a business in tight economic times, if you qualify.

Sincerely,
Arthur
860-946-6637

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