Our borrower found themselves in a catch-22 position: With plenty of equity in their commercial property, and good cash flow from their residential care facility, it seemed like it would be easy to refinance with their local bank. However, even though the bank was very interested in the loan, they couldn’t refinance with the existing revolving credit balances. We provided transitional financing via a partially amortized loan so the borrower could refinance their credit card debt, with a short pre-payment period so they can refinance after our loan has seasoned.