Boca Raton, FloridaInvestment-property refinance
Boca Raton investment-property refinance.
$900,000Hypothetical commitment
Illustrative transaction — not an actual Palermo closing.
Investment-property refinance
Investment-property refinance in Florida.
Replace an existing investment-property loan, address an approaching maturity or discuss using equity for a documented business purpose. We review the current obligations, proposed use of proceeds and repayment plan together.
Financing at a glance
- Geography
- Florida-focused; based in Aventura.
- Property use
- Business-purpose, non-owner-occupied investment real estate.
- Financing structure
- Replacement of existing financing; business-purpose use of equity where applicable.
- Repayment discussion
- A supported repayment source or next financing plan.
01Existing debt
02Closing allocations
03Available proceeds
Florida private lending
Is this financing a fit?
Looking for a private or hard money lender for a Florida investment property? Palermo is based in Aventura and reviews business-purpose financing secured by non-owner-occupied real estate.
- Financing purpose
- Refinancing existing debt or a documented business use of equity
- What to request in writing
- Loan amount, term, rate, leverage, fees, reserves and any future-funding conditions.
- What drives the review
- Property location and condition, existing obligations, borrower capital, intended use of funds and a credible sale or refinance plan.
Historical closing examples describe individual transactions. They do not establish the terms available for a new request.
Explore Palermo’s announced closingsStart with the current position.
Provide the existing loan balance, maturity, lien information and any amounts needed to resolve the current obligations. An estimated payoff and a formal payoff statement serve different purposes; final closing figures need the relevant written documentation.
Separate proceeds from cash available.
A new loan amount is not the same as cash-out proceeds. Existing debt, closing expenses and any reserves or other required amounts reduce the funds available for the proposed use. A useful review distinguishes each item.
Connect capital with a business purpose.
Explain how additional funds would be used and how the new loan would be repaid. For an investment property, the property’s condition, income information where relevant and the expected next financing or sale all contribute to the discussion.
Situations to discuss.
- Replacing financing approaching maturity
- Revisiting a loan after a property transition
- Considering a documented business-purpose use of equity
Examples invite a conversation. They do not establish automatic property eligibility or an approval standard.
Prepare the scenario
The essentials,
organized.
Begin with what is available. Supporting documents can follow through the established review process.
Read the preparation guide- 01Property location, type, condition and occupancy
- 02Current loan statement and maturity information
- 03Reason for refinancing and amount requested
- 04Income and expense information, where relevant
- 05Business use of any cash-out proceeds
- 06Proposed repayment or next financing plan
Good questions
Program questions.
01Is cash out the same as the new loan amount?
No. Cash available is the amount remaining after existing obligations, closing costs and any other required allocations are paid or reserved.
02Does equity alone establish approval?
No. Collateral is important, but the current obligations, business purpose, borrower information and repayment plan also need review.
03Can I submit before I have a formal payoff?
You can begin with a scenario and an estimated current position. The team will identify supporting information needed as the review progresses.
Illustrative structures
Illustrative financing examples.
Fictional financing stories. Sample amounts, terms and property types are not Palermo lending criteria.
Explore all scenarios
Contact Palermo
Tell us about the property.
Share the location, financing purpose and approximate loan request. We can discuss the scenario and what information is needed next.