See what an existing asset can refinance into today: the maximum new loan, and whether it cashes out or leaves a gap to your payoff.
What a refinance really hinges on
A refinance is a new loan sized against today’s NOI, value, and rates, then compared to what you still owe. When rates rose or value softened, the new maximum can land below your payoff, leaving a gap you have to cover.
Cash-out = Max new loan − Payoff − Costs
Shortfall = Payoff − Max new loan
Shortfall = Payoff − Max new loan
Finding a shortfall early gives you time to plan a paydown, a different structure, or a recapitalization instead of discovering it weeks before maturity.
What this means for your deal
If your refinance shows a shortfall, the binding constraint tells you why and what to do about it. We help owners map the path well before a maturity becomes a problem.
Plan your refinance with Mercury →For
Owners and investors refinancing income-producing commercial real estate, and the brokers who advise them.
Not for
Residential mortgages, consumer loans, equity raises, preferred equity, mezzanine capital, or securities.