Sara Frankel Of Two50 Capital Group Secures $4.5M Refinance For Retail Asset In Charlotte

The asset involved in this transaction is a retail property located in Charlotte, NC, encompassing a total square footage of 16,193. The loan amount secured for this asset is $4,500,000, which was arranged as a refinance option.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,500,000
• Loan Type: Refinance
• Loan Terms: 5 year term, 6.30% fixed, 6 months IO, light prepayment of 2:1:0
• Broker: Sara Frankel - Two50 Capital Group

Sara Frankel from Two50 Capital Group represented the refinancing process, successfully structuring a cash-out refinance for this single-tenant NNN asset, which allowed ownership to recapture a substantial portion of invested equity shortly after acquisition. The financing was designed to maximize proceeds and included an interest-only period to support the asset through operational seasoning.