StackSource recently arranged financing for the cash-out refinance of a piece of land located in Tomball, Texas. The sponsor purchased the property in May 2022 using a hard money lender and Associate DirectorJaideep Chadha was able to refinance with no seasoning period. Jaideep secured the senior debt for this borrower with terms of a 60% LTV at a 5.2% rate, 5-year fixed, 15-year amortization, and no pre-payment penalty.