Garfield Park Multifamily Refi

Chicago
,
IL
3.44% Interest, No Lender Fee
Amount: $
657000
Interest Rate: 
3.44
%

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.

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