Cash Out Refinance on Industrial Building in Orlando, Florida
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This transaction is a refinance of a 30,000-square-foot warehouse in Orlando, Florida. The borrowers, who operate a custom signage company from this property, will consolidate multiple existing debts—including SBA loans, bank mortgages, MCAs, and taxes—into a single loan. By streamlining their obligations, they will significantly improve cash flow and strengthen their business’s financial position.
Cash Out Refinance on Industrial Building in Orlando, Florida Details
Structure
- Tax Document
- 1099-INT
- Offering Structure
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BPDNx
SENIOR BPDN - PROMISSORY NOTE SECURED BY COLLATERAL SECURITY AGREEMENTTHIS PROMISSORY NOTE IS SECURED BY THE ISSUER'S PLEDGE OF THE RELEVANT UNDERLYING COLLATERAL LOAN (AS DEFINED BELOW) TO THE LENDER (AS DEFINED BELOW) UNDER THE COLLATERAL SECURITY AGREEMENT AND PROMISSORY NOTE. HOWEVER, EXCEPT TO THE LIMITED EXTENT PROVIDED IN THE PROMISSORY NOTE WITH RESPECT TO THE UNDERLYING COLLATERAL LOAN, THIS NOTE IS NON-RECOURSE TO THE ASSETS, FUNDS AND ACCOUNTS OF YIELDI, LLC (THE "BORROWER", "COMPANY" OR "ISSUER") OR ANY OF ITS AFFILIATES, EMPLOYEES, AGENTS, STOCKHOLDERS, PARENTS, OR SUBSIDIARIES EXCEPT TO THE EXTENT OF THE VALUE OF COLLATERAL LOAN NET PAYMENTS ACTUALLY RECEIVED IN RESPECT OF THE UNDERLYING BORROWER LOAN.
Example Return on Investment
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Investment Amount:
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Why We Like This Opportunity
Cash Out Refinance on Industrial Building in Orlando, Florida Highlights
This transaction is a refinance of a 30,000-square-foot warehouse in Orlando, Florida. The borrowers, who operate a custom signage company from this property, will consolidate multiple existing debts—including SBA loans, bank mortgages, MCAs, and taxes—into a single loan. By streamlining their obligations, they will significantly improve cash flow and strengthen their business’s financial position.
About the Neighborhood
Orlando, Florida, is experiencing robust economic growth fueled by tourism, a diverse business base, and ongoing population gains. These factors drive demand for industrial properties and support a vibrant commercial environment. The property’s location within this dynamic market gives the borrowers an advantageous position to capitalize on the region’s expanding opportunities. The property is located less than 1 mile from Orlando International Airport.
Why We Like this Opportunity
With over 40 years of experience in the custom signage industry, the borrowers bring extensive operational knowledge and a proven track record. Their longstanding presence and reputable history in the market reflect the stability and growth potential of their business.
After reducing their monthly debt burden and improving overall financial stability, the borrowers intend to refinance into a SBA loan.
Experienced Borrower
The borrower is a successful real estate investor in high-end real estate industry in Florida. He’s sold multiple Florida homes for over $2M+ and has a high net worth and strong liquidity.
Personal Guarantee
The Loans are personally guaranteed by the borrower, spouse, and all principals in the LLC. Additionally, the Sponsor and/or Guarantor are obligated to contribute monthly payments to maintain a tax and insurance reserve. Failure to adhere to reserve contribution requirements would lead to the triggering of a debt service and operating expense/shortfall guarantee.
Upfront Reserve
The Loan is structured with interest reserve for further protection. 12 months of debt service payments will be collected at closing.What Should I Consider When Investing in Cash Out Refinance on Industrial Building in Orlando, Florida?
Borrower Risk
The Borrower may not have represented itself accurately. Risk Mitigation- The Originator checks the Borrower's credit history via a third-party credit reporting company. The Borrower has a 700 credit score.
- The Originator considers the underlying asset to be the primary source of security.
- If the Loans are not fully repaid after the Lender has exhausted other sources of repayment, the Borrower has provided a personal guaranty to fulfill any deficiency.
Default Risk
The Borrower may default on his financial obligations. Risk Mitigation- If the Loans are not fully repaid after the Lender has exhausted other sources of repayment, the Sponsor has provided a personal guaranty to fulfill any deficiency.
- In the event of a default, a direction letter signed at closing by the Borrower will be sent redirecting the Tenant to make rent payments into an account controlled by the Originator.
Investment Summary Of Cash Out Refinance on Industrial Building in Orlando, Florida
Investors have an opportunity to invest in borrower payment dependent notes, the cash flow of which is dependent on the payment of interest and principal repayment on the Loans. Investors are scheduled to receive an annualized monthly interest payment of Login for details over the Loans' estimated remaining term of 12 Months. Principal is expected to be returned on or before maturity through a refinancing with a traditional bank loan. It is important to note that the Loans are eligible for prepayment, and principal may be repaid prior to the 12 Months estimated remaining term. If the Loans are paid off before maturity, investors are expected to receive at least three months of interest payments in addition to return of principal.
How Do I Get Paid?
This loan had an initial term of 12 Months with an option at Yieldi's discretion to extend. As of December 27, 2024 there are 12 Months remaining. Investors will immediately receive monthly interest payments at an annualized rate of Login for details on the principal balance over the life of the loan. If you invest in this loan in the middle of a month, you will receive a prorated interest payment for your investment for your first investment month and then full monthly payments thereafter. All payments are made automatically via ACH on the 1st of each month and investors all paid by the 10th of the month.
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