Fort Lauderdale Multifamily Portfolio

Fort Lauderdale
,
FL
70% LTV, 30 year amortization, 1 year I/O
Amount: $
3556000
Interest Rate: 
%

StackSource is excited to announce our first closing from our new partnership with BiggerPockets.com. We identified a local bank who was able to help our first time commercial real estate buyer secure a 12 building (48 units) multi-family portfolio located in Ft. Lauderdale, FL. Capital Advisor, Andrew Bouton, was able to negotiate a 70% LTV, non-recourse loan with 1 year of interest-only payments followed by a 30 year amortization period with a Miami based bank lending partner.

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