Garfield Park Multifamily Refi
3.44% Interest, No Lender Fee
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934bd/667e299c6cc480823ec93804_map-pin.png)
Chicago
,
IL
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934e4/667e299c6cc480823ec94002_West%20Adams%20Refi.png)
Amount: $
657000
StackSource recently arranged a permanent rate and term refinance for a 100% occupied, 2 property, 8-unit multifamily apartment portfolio on West Adams Street in Chicago's Garfield Park neighborhood. The sponsor acquired both properties in early 2020 with a higher rate loan and was seeking perm financing to take advantage of the low rate environment. Capital Advisor Chris Peters arranged financing with a regional bank lender that provided a 5-year rate fixed at 3.44% with a 25-year amortization and no lender fee.
Deal Team
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