What is an office cash-out refinance?

An office cash-out refinance replaces existing debt on an office property and allows the borrower to extract equity as cash-out proceeds, subject to lender underwriting, valuation, and debt service requirements.

How is a commercial cash-out refinance sized?

Commercial cash-out refinance sizing is typically driven by lender value, loan-to-value, cash flow, and underwriting standards, including property income, expenses, and tenant stability.

Can a cash-out refinance be used to improve liquidity?

Yes. Cash-out proceeds are often used to improve liquidity, strengthen reserves, or support business needs, subject to lender requirements and loan structure.

$1.0MM Office Cash-Out Refinance | $250K Cash-Out for Liquidity & Stability

Cash-Out Liquidity • Stabilized Debt • Multi-Tenant Office Execution

Office cash-out refinance overview

Office cash-out refinance structured to optimize balance-sheet performance and unlock meaningful liquidity through a $1.0 million refinance execution. Cornovus Capital arranged long-term financing for a Class A office asset held under experienced ownership, aligning cash-out proceeds with conservative underwriting, durable debt service, and a long-term hold strategy focused on stability and capital efficiency.

This office cash-out refinance was designed to strengthen the capital stack without compromising operating flexibility or ownership control. By replacing legacy debt with a clean, institutional-quality structure, the transaction improved liquidity positioning while preserving predictable cash flow and maintaining optionality for future strategic initiatives.

Cornovus Capital coordinated lender positioning, underwriting narrative, and closing execution to deliver a refinance outcome aligned with borrower objectives, operating continuity, and long-term hold strategy.

Challenge

A cash-out refinance required disciplined execution to deliver liquidity while maintaining a conservative leverage profile and stable operations. The goal was to refinance existing debt, extract cash-out proceeds, and preserve a clean operating platform for a multi-tenant office roster.

Balancing cash-out proceeds with conservative leverage and durable debt service
Aligning lender underwriting with a self-managed, multi-tenant operating profile
Documenting operating history and tenant profile for closing certainty
Managing diligence items without disrupting timeline or borrower objectives
Structuring a stable repayment profile consistent with long-term hold strategy

Solution

Cornovus Capital structured a commercial cash-out refinance designed for long-term stability and clean execution. The loan replaced existing financing and delivered defined liquidity proceeds while maintaining a conservative leverage profile against an estimated as-is value of approximately $1.7 million.

$1.0MM office cash-out refinance with $250K cash-out proceeds
Estimated as-is value: ~$1.7MM supporting a conservative leverage profile
14-tenant office roster supporting stabilized annual rent (~$113,700)
Execution focused on documentation clarity, underwriting narrative, and closing certainty
Refinance structured for long-term stability consistent with hold strategy

The structure improved liquidity while preserving a stable operating platform and predictable debt service for long-term ownership.

Results

The refinance stabilized long-term debt service, delivered liquidity, and preserved a consistent operating platform for a multi-tenant office property. The borrower achieved cash-out proceeds without disrupting tenant operations and maintained flexibility for continued ownership and management.

Debt structure simplified and stabilized under a single refinance execution
Liquidity delivered through a defined $250K cash-out component
Tenant operations preserved with uninterrupted property management continuity
Conservative leverage profile maintained for durable long-term stability
Borrower positioned for continued hold strategy and operational flexibility

Explore additional financing outcomes in our Transaction Highlights archive.

Related Capital Programs

Explore additional owner-occupied and growth financing options: SBA 7(a) program, SBA 7(a) 100% program, SBA 504 program, Bridge program, CMBS program, and LifeCo program.

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About Cornovus Capital

With over 70 years of combined experience, Cornovus Capital is a trusted financial partner specializing in business financing, commercial real estate lending, and hospitality funding solutions. We design customized capital strategies that help businesses acquire, expand, and optimize operations, ensuring long-term growth and financial stability across multiple market cycles.

Our expertise spans CMBS and LifeCo financing, private capital solutions, structured debt strategies, SBA 7(a) and 504 loans. By focusing on certainty of execution, disciplined underwriting, and closing assurance, we guide businesses and investors through complex capital markets environments, securing financing aligned with long-term ownership and investment objectives.

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Exploring financing options for commercial real estate or business finance? Cornovus Capital delivers institutional execution — combining underwriting precision, credit modeling, and lender coordination to ensure transparency, speed, and certainty from term sheet to closing. Cornovus Capital delivers structured solutions, execution precision, and efficiency from application to closing.

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