Carabelli Apartments

3.9% fixed rate
Two story wood frame multifamily property located next to concrete pavement and a sign that reads sidewalk closed.
Amount: $
Interest Rate: 

StackSource successfully sourced and negotiated a refinancing for a 100% occupied, 10-unit multifamily property located in the Little Italy neighborhood in Cleveland, OH.  The borrower had acquired the property 6 months earlier and made several improvements and was able to recoup some of their costs with the refinance.  The bank lender provided a 5-year term, 25-year amortization loan fixed at 3.9%.

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