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 just 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 lets you plan — 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.