Montgomery Road Refinance
75% LTV, 3.85% fixed, 7-year term
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934bd/667e299c6cc480823ec93804_map-pin.png)
Cincinnati
,
OH
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934e4/667e299c6cc480823ec9409d_Montgomery%20Road%20Apts.jpeg)
Amount: $
1965000
StackSource arranged a $1.97mm cash-out refinance of a 22-unit multifamily property in Cincinnati, OH. Since acquiring the property mid-2017, the out-of-state sponsor has invested over $1.1mm in capital improvements for lease-up to quality tenants. The property has since been fully occupied and stabilized.
StackSource Capital Advisor Jaideep Chadha secured the 75% loan to value cash-out refinance through the Freddie Mac Small Balance Loan program and the sponsor was able to obtain $381,000+ in cash-out proceeds. Rate for the 7-year term non-recourse loan is fixed at 3.86%, with interest-only period at 2 years, and a 30-year amortization. Jaideep was able to coordinate a smooth and on-time closing.
Deal Team
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