St Louis Rental Portfolio

St. Louis
,
MO
30 year fixed rate
Red brick two-story duplex with stairs leading to the front doors.
Amount: $
789000
Interest Rate: 
4.2
%

StackSource recently closed an acquisition loan for a New York based investor that purchased a residential portfolio consisting of 9 single family rental properties and 2 condo properties all located in the St. Louis area.  The investor continues to build out their portfolio in the Midwest.

StackSource Capital Advisor Chris Peters arranged financing with a private lender at 80% of purchase price for the SFRs and 70% of purchase price for the condo units.  The rate was fixed at 4.375% for the SFRs and 4.125% for the condos, both for a full 30 year term.

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