Riverside Cottages

5 year fixed rate, 25 year amortization, no prepayment penalty
Wood frame multifamily property with a dark green roof surrounded by a grass yard and few dirt areas for various plants.
Amount: $
Interest Rate: 

StackSource recently closed a cash-out refinancing for this rental property portfolio located in Rainbow, TX. The borrower acquired the portfolio in October 2018 and after successfully increasing rents was able to recoup over $120,000 of his capital in just 12 months. Capital Advisor, Andrew Bouton, was able to negotiate a 5.375% five-year fixed rate loan, with a 25-year amortization for this independent real estate investor.

Charitable Cause supported by 1% of StackSource's revenue on this transaction:
Habitat for Humanity of Greater Newark