Mason Street Apartments
StackSource recently arranged financing for a 100% occupied, 14-unit apartment building located in Saginaw, MI. The property was acquired by a California based real estate investor in 2015 and since then, the investor made several Capex improvements and increased occupancy from 50% to 100%. The refinance allowed the investor to pay off his current lender and pull out equity. StackSource Capital Advisor Chris Peters was able to secure a 10-year term fixed at 3.75% for the first 5 years from a local credit union lender.