StackSource recently arranged a refinancing of $426,679 for a stabilized 8 unit multifamily building in Appleton, WI. The sponsor is a resident of Montana and this is their only building in the Midwest. Many lenders in the Midwest will not lend to out-of-state sponsors. Despite multiple issues with the property including back taxes and sub-par property management, StackSource Capital Advisor, Freddy Johnson, was able to secure a loan at 4.26% fixed for 5 years with a 25 year amortization for the property. Freddy is looking forward to continuing his relationship with the lender as they have provided exceptional service and terms for complex deals.
