32 Unit in Lancaster, SC
Refinance complete with $140K cash-out, boosting cash flow and bringing investor returns current. We’re now holding and executing a value-add plan, targeting 15%+ returns and $600K+ in added value.
3 mins read | April 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. Distributions began in March 2025 with projected returns of 8–10%.
Since we haven’t received an offer that meets our target after listing at $2.7 million, we’ve decided to hold and continue stabilizing. We plan to raise rents, add water and sewer back billing, partner with a nonprofit to cut taxes by over half, and work to remove flood insurance.
If all is successful, investor passive cashflow returns could exceed 15%, far above our initial projections from rent collections. This strategy could also increase the property’s value by over $600,000—bringing investors close to doubling their initial investment in equity while continuing to earn strong cash flow, setting us up for either a profitable refinance or sale in the future.
Written by Hammerhead Capital Inc.
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