Brickstone Apartments

80% LTV, 5.95% Rate
Des Moines
Amount: $

StackSource recently arranged acquisition financing for a Montana based business owner and real estate invesment professional to acquire a 100% occupied, 2 building, 30-unit multifamily apartment property located in Des Moines, IA.  This is the investor's second multifamily acquisition in the Des Moines market and the investor plans to acquire additional investment property to build out their investment portfolio in the market.

Director Chris Peters sourced an 80% LTV acquisition loan from a local bank lender that included a 5-year fixed rate at 5.95% and a 25-year amortization.

Deal Team

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