Concord Summit Capital Arranges $18.1M Cash-Out Refinance Loan For Boca Raton Retail Property

The retail property located at 7775 Glades Road in Boca Raton has recently undergone a refinancing loan transaction. The property, spanning 80,000 square feet, was part of a loan deal facilitated by Berta Management Of Florida.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,145,000
• Loan Type: Refinancing Loan
• Loan Terms: Cash-Out Refinance | Fixed Rate | 10 Yr I.O.

The loan was secured by Justin Neelis and Daniel Rafael Rojo of Concord Summit Capital, representing the landlord, Berta Management Of Florida. This refinancing loan agreement offers the landlord the opportunity to access cash-out funds while benefiting from a fixed interest rate and a 10-year interest-only period.