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Cash-Out Refinance: What Is It and Why Is It Useful for Commercial Properties?

July 11, 2022

If you have spent any time looking into real estate, you’ve probably seen the term “cash-out refinance.” This concept is quite popular with residential real estate as banks market it as a method to get money to pay for vacations, repairs, renovations or anything you want. However, you may not know that you can also do one of these refinances in commercial real estate. What, exactly, is a cash-out refinance in the world of commercial real estate, and why would you want one? Read on to find out!

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