Just Closed- South Side Mixed-Use Property Refinance
Just Closed- Bellwether Funding has arranged the refinance funding for a mixed-use retail/apartment building on the south side of Milwaukee. The property owner, who occupies the retail space, had a loan which matured in August. However his current bank and several other banks were not interested in offering him a new mortgage loan to pay off the existing lender. Bellwether Funding was able to arrange for a mortgage loan to pay off the lender, and lower their interest rate by nearly 3% and reduce their monthly payments going forward. The borrowers were pleased to have their loan refinanced with a new bank, significantly reduce the interest rate and reduce their payments all at once. Please go to www.bellwetherfunding.com or LinkedIn/BillFrey to see how we may assist you with your challenging property refinance.
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