Garfield Park Multifamily

Chicago
,
IL
3.44% fixed, 5/25
Weathered three story brick apartment building with a black fence in front of a sidewalk.
Amount: $
435000
Interest Rate: 
3.44
%

StackSource successfully arranged financing for the acquisition of a 100% occupied, 6-unit apartment building located in the Garfield Park neighborhood of Chicago. The buyer is a Chicago based investor that owns several properties in the area, including 2 multifamily properties on the same block and is looking to build up their portfolio in the Chicago area. StackSource Capital Advisor Chris Peters arranged financing with a regional bank lender that provided a 5-year fixed rate at 3.44% with a 25-year amortization schedule and no lender fee.



Charitable Cause supported by 1% of StackSource's revenue on this transaction: