$5,565,000 Cash-Out Refinance for a Truck Stop in La Porte, TX

PACT Capital is pleased to announce the closing of a $5,565,000 cash-out refinance loan secured by a 5.44-acre Truck Stop located in La Porte, TX.

Our firm was able to strategically negotiate a competitive market rate loan structure with significant prepayment flexibility as the sponsors were in the process of ramping up the operation since taking ownership and have plans for expansion.

The property is strategically located within 1.6 miles of the Barbour’s Cut Terminal, one of the world’s busiest deep-water ports.

As the trucking industry continues to face significant headwinds and increased volatility, PACT remains steadfast in our dedication to applying creative underwriting techniques that lead to success for our customers.