Amarillo Multifamily Value-Add
85% LTC, 7.5% fixed, I/O
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934bd/667e299c6cc480823ec93804_map-pin.png)
Amarillo
,
TX
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934e4/667e299c6cc480823ec94049_Park%20Royal.jpg)
Amount: $
3500000
StackSource arranged financing for a value-add multifamily acquisition deal in Amarillo, Texas. The sponsor, an experienced owner and manager of multifamily properties located in Dallas, has a multi-million dollar capital expenditure plan to significantly upgrade the property and raise rents to market.
The StackSource-arranged senior bridge loan was sized to 85% LTC at a fixed rate of 7.5% for two years, interest-only. The loan is non-recourse.
Deal Team
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