Norfolk Multifamily

Norfolk
,
VA
75% LTV at 3.75% fixed, 5/25
Amount: $
307500
Interest Rate: 
3.75
%

StackSource recently sourced an acquisition loan for a 4,800 sq ft, 8 unit multifamily property located in Norfolk, VA. The property is currently 100% occupied and will continue to be managed by the existing management company. Capital Advisor, Omar Sobhy, worked with a Virginia based Credit Union to secure a 75% LTV loan priced at a 3.75% fixed rate for 5 years based on a 25-year amortization schedule.

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