3.9% fixed 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%.
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