Global CommercialBanc successfully originated financing in the amount of $1,176,000 for a 14 unit apartment building located in Lake Worth, Florida. This cash-out refinance was done under Fannie Mae’s Small Balance Multifamily Mortgage Loan Platform. The 14 unit apartment building is located in beautiful downtown Lake Worth, and was recently fully renovated. Refinancing with Global
CommercialBanc allowed the Borrower the ability to pull cash-out to recoup the costs spent on the renovations.