25 Year Amortization, 75% LTV, 5-Year Term
StackSource recently arranged financing for the acquisition of a 4-tenant, 100% occupied retail center located in Snellville, Georgia. The property is situated directly next to The Grove at Towne Center, a master-planned mixed-use development. The Grove at Towne Center is an 18-acre development with 120,200 square feet of commercial, retail, office, restaurant space, 429 multifamily units, and a public library. Associate Director Andrew Bouton worked with a regional bank to secure a senior loan facility. The loan came with a 5% fixed interest rate, 5-year term, 25-year amortization, and an LTV of 75%.