Memphis 48-Door Portfolio Refi

Germantown
,
TN
4.25% rate, 70% LTV, cash out refi
single family one-story home
Amount: $
1745732
Interest Rate: 
4.25
%

StackSource recently closed a cash out refinance loan for a Memphis based investor that had acquired a large portfolio of single family rental homes in the greater Memphis area.  The sponsor was seeking a refinance to primarily pull out equity, consolidate loans and lock into a longer and lower fixed rate.  StackSource Capital Advisor Chris Peters arranged financing with a private lender that was able to offer cash out up to 70% LTV and a 30-year fixed rate at 4.25%.

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