South Lyon Apartments

South Lyon
,
MI
4% fixed, 75% LTV
Yellow and white apartment building with pillars located on a large grass lot with various trees.
Amount: $
376000
Interest Rate: 
4
%

StackSource recently closed an acquisition loan for a 100% occupied, 9-unit apartment building located in South Lyon, MI.  Capital Advisor Chris Peters secured financing from a credit union lender that provided a 75% LTV loan featuring a 10-year term and 25-year amortization, with the rate fixed at 4% for the first 5 years.  Term sheet to close was less than 35 days.

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