Mason Street Apartments
Cash-out refinance at 3.75%
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934bd/667e299c6cc480823ec93804_map-pin.png)
Saginaw
,
MI
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934e4/667e299c6cc480823ec93f80_Mason%20Street%20Apartments.png)
Amount: $
307500
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.
Deal Team
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