1750 W North Avenue
Mixed-Use, 5-Year Fixed, 25-Year Amortization
StackSource recently arranged financing for the acquisition of a 100% occupied, 4-unit mixed-use property located in the Bucktown neighborhood of Chicago, Illinois. The property is comprised of a ground floor retail tenant and three upstairs multifamily tenants. Director of Inbound Origination, Chris Peters, secured this deal from a local community bank with a 5-year fixed term and a 25-year amortization at an impressive, low 4.875% rate. The loan comes with a low lender fee and flexible prepayment penalty that is waived if the property is sold after 12 months of ownership.