Carabelli Apartments

Cleveland
,
OH
3.9% fixed rate
Amount: $
630000
Interest Rate: 
3.9
%

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