From the capital markets desk · Property refinancing
An owner was refinancing several properties. One lender was willing to finance part of the request. Its transaction limit left the owner with a question. If the first lender took all the properties as collateral, what could support a loan for the balance?
Could the lender take fewer properties?
Greenfield asked whether the lender could narrow its collateral to fewer properties. That would leave other properties available for a second loan. The lender agreed in principle, supplied cost estimates and agreed to coordinate releases with the existing bank.
What the owner could decide
The owner could now weigh the cost of the first loan against the cost of financing the remaining balance. The key question was whether the whole refinance would be worthwhile on those terms.
At the time of the update · Financing for the balance, lien releases and closing remained open. This is an anonymized account of a lender discussion.
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