Pardo Street Apartments

3.9% Fixed, 10/25
Garden City
Amount: $

StackSource recently closed an acquisition loan for a 100% occupied, 3,750 SF 5-unit multifamily property in Garden City, MI.   The property is located 15 miles west of downtown Detroit.  The client is a repeat borrower that continues to build a multifamily portfolio in SE Michigan.  Capital Advisor Chris Peters secured financing from a credit union lender that provided a 10-year term and 25-year amortization, with the rate fixed at 3.90% for the first 5 years.

Deal Team

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