The property has been successfully refinanced, improving cash flow and bringing investor preferred returns current, while we continue to stabilize operations and evaluate the best long-term exit strategy.
2 mins read | June 2026
The refinance is complete with a 5.75% rate on a 30-year term and a $140,000 cash-out, boosting cash flow and bringing all preferred returns current. We are now working to completely stabilize the property even more and decide our next moves which will either be a refinance or a sale.