Bellevue Apartments

La Porte
75% LTV at 3.5% Fixed
Brick apartment building located on a corner lot neighboring next to other residential properties and trees that surround the building.
Amount: $
Interest Rate: 

StackSource recently closed an acquisition loan for a 100% occupied , 8-unit apartment building in La Porte, IN for an investment group that included both an in-state and out-of-state resident.  The regional bank lender provided a 75% LTV loan featuring a 7-year term, 25-year amortization and a 3.50% fixed interest rate.

Charitable Cause supported by 1% of StackSource's revenue on this transaction:
Habitat for Humanity of Greater Newark