Bayview 5-unit Multifamily
StackSource recently arranged 80% Loan-to-Value ($680,000) acquisition financing for the purchase of a 5 unit multifamily building in the Bayview neighborhood of Milwaukee, Wisconsin. The buyer is a resident of Colorado building a portfolio of investment properties while practicing as a medical doctor. Many lenders in the Midwest will not lend to out-of-state sponsors, which presented a challenge to the buyer before reaching out to StackSource.. StackSource Capital Advisor Freddy Johnson was able to arrange a commercial loan at 3.75% fixed for 5 years based on a 30 year amortization schedule for the property. Freddy is looking forward to working with the investor as he grows his portfolio with larger multifamily projects in the Milwaukee area.