75% LTV at 3.52% fixed
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.
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