Glenhaven Estates

Ashtabula
,
OH
75% LTV at 3.52% fixed
Large white sign reading "Glenhaven Estates" on a landscaped property with housing in the background
Amount: $
1338750
Interest Rate: 
3.52
%

StackSource arranged financing for an Ohio based investor to acquire a 100% occupied multifamily apartment portfolio located in Northeast Ohio near Lake Erie.  The portfolio features 46 units spread across 8 buildings located in three locations in two separate cities.  The properties are a mix of townhomes and flats and feature a combination of 1 and 2 bedroom units.  Capital Advisor Chris Peters was able to secure a 75% LTV acquisition loan from a regional bank lender that offered a 5-year fixed rate at 3.52% with a 25-year amortization.


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