Tenant reimbursements, also known as tenant recoveries, are expenses which are paid back to a landlord by a tenant. Common examples of tenant reimbursements include property taxes, property insurance, maintenance and repair costs, and other operational expenses.
Refinancing commercial real estate can be done for a variety of reasons. In many cases, borrowers get cash out refinances in order to free up capital to make renovations/property improvements, or to invest in other properties. In other situations, borrowers may wish to refinance a commercial property in order to achieve a better interest rate or a longer amortization, which can help them increase monthly cash flow.