US Naval Academy Alumni House

Annapolis
,
MD
7.99%, I/O
Historic brick and shingle roof building with two white doors and eleven windows showing.
Amount: $
4650000
Interest Rate: 
7.99
%

The USNA Alumni House consists of 20 units across 3 building adjacent to the US Naval Academy in Annapolis, Maryland. Originally built in the 1700s and not sold for the last 77 years, the US Naval Academy Alumni Association uses the facility as short term housing for Academy graduates.

StackSource Capital Advisors Omar Sobhy and Zach Wagner arranged acquisition financing at 75% of purchase price plus 100% of rehab cost for an experienced real estate operator with military leadership experience from Chesapeake, Virginia. The loan features a 7.99% fixed rate, full-term interest-only for a two year term with optional extensions.

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