Paramount Square Apartments
Cash-Out Refi, Low Rate
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934bd/667e299c6cc480823ec93804_map-pin.png)
Amarillo
,
TX
![](https://cdn.prod.website-files.com/667e299c6cc480823ec934e4/667e299c6cc480823ec941ec_jyuD2Gjx-ZZo0oIQ.jpg)
Amount: $
4381000
StackSource recently arranged a cash-out refinance for a 72-unit multifamily located in Amarillo, Texas. Associate Director Jaideep Chadha arranged the senior debt for the recently renovated, stabilized property at 5.46% rate fixed for 7 years. The deal terms include a 2-year interest only period and a 30-year amortization after the interest only period. The non-recourse loan completed the value-add strategy for the sponsors with the cash-out being used to payoff investors and leave the sponsors with little to no cash in the deal.
Deal Team
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