Allentown Multifamily
3.5% fixed, 30 year amortization
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934bd/667e299c6cc480823ec93804_map-pin.png)
Allentown
,
PA
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934e4/667e299c6cc480823ec94022_1018-22%20South%20Hall%20St.jpeg)
Amount: $
1334000
StackSource arranged the cash-out refinancing for a 22-unit multifamily property originally developed in 1920 in Allentown, Pennsylvania. The asset consists of 3 brick buildings on one lot, and was most recently renovated in 2019. The sponsor, a family office local to Allentown, has owned the asset for over 20 years.
StackSource Capital Advisors Omar Sobhy and Zach Wagner negotiated a cash-out recapitalization with a credit union at a 3.5 fixed rate, seven year term with optional seven year extension, and 30 year amortization at 75% Loan to Value.
Deal Team
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