Mount Vernon Industrial Acquisition

Mount Vernon
,
IL
3.44%, 5-year fixed, no prepayment penalty
Amount: $
680000
Interest Rate: 
3.44
%

StackSource financed the $680,000 acquisition of NNN single tenant light industrial property located in Mount Vernon, IL.  Capital Advisor Tim O'Brien secured a 5-year 3.44% fixed rate loan, amortized for 25 years with no prepayment penalty and no covenants.  Borrower is an experienced investor diversifying their portfolio by adding commercial property and to complement their healthy residential holdings in the Midwest.

Deal Team

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