Roswell Pediatrics

Cumming
,
GA
65% LTV, Non-recourse, no prepayment penalty
Amount: $
1170000
Interest Rate: 
3.5
%

StackSource successfully placed permanent financing on the acquisition of a single tenant investment property located in Cumming, GA. The tenant, Roswell Pediatrics, has been practicing pediatric medicine in metro Atlanta for over 40 years and has 3 locations. They currently occupy approximately 78% of the building while the remaining space offers upside potential upon future lease up. Cumming, GA is a high growth market of the Atlanta MSA with an expected population increase of 20% over the next 5 years. Capital Advisor, Andrew Bouton, worked with a Federal Credit Union to secure a non-recourse, 65% LTV product. The loan came with a 3.50% fixed rate for 5 years based on a 25-year amortization schedule and no prepayment penalty. Because the acquisition was financed by a Federal Credit Union, the borrower was not subject to intangible taxes, which equated to a savings of $3,510 at the closing table.

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