6-Unit Nashville Portfolio Refi

Nashville
,
TN
4.875% fixed, 75% LTV, no lender origination fees
Amount: $
667500
Interest Rate: 
4.87
%

StackSource successfully placed $667,500 in permanent financing for the refinance and cash out of a multifamily portfolio in Nashville, TN. Sponsor plans to use the cash obtained to acquire additional real estate in the same region.

StackSource Capital Advisor Jaideep Chadha worked with a private equity group to obtain a 75% LTV at 4.875% on a 30-year fixed rate. The new commercial mortgage features a soft prepayment penalty (3-2-1 stepdown), no lender origination fees, and the lender paid the broker fee of 1%.

Charitable Cause supported by 1% of StackSource's revenue on this transaction: