Cypress, CA

$675,000

Multifamily

Equity Cash Out

03/29/2021
Transaction by
Carlyle Capital
After an unfortunate death in the family, the borrower's approached Carlyle Capital for help to refinance an inherited 5 unit multifamily property so that some beneficiaries could be paid off, and the primary beneficiary could continue to hold the multifamily property that had been in their family for 2 generations. Carlyle Capital was able to help direct the borrower on the legal complexities of settling an estate, and referred them to appropriate attorneys to ensure everything was handled appropriately. Ultimately, Carlyle Capital was able to provide a long term fixed rate loan on a a multifamily asset that met their needs, and allowed them to continue to reap the benefits of generating cash flow from real estate.