Cash Out Refinance with Distributions

[Chris Byers]

Looking for the correct/best way to account for Debt Financed Distributions from a Cash Out Refinance on a commercial property?

What get's credited and what gets debited?

So far we have:

Credit: New Loan

Debit: Cash Account, Old Loans and Misc. Loan Fee's.  

This matched up on the transaction.

This money is non-taxed as I understand, so where does it go on my cashflow statement to account for that distribution from the cash account but not be applied to taxable distributions?

Thanks,

Chris Byers