Bayview 5-unit Multifamily

Milwaukee
,
WI
80% LTV, 5/30
Gray two-story cinder block apartment building with white trim windows and doors.
Amount: $
680000
Interest Rate: 
3.75
%

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.

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