Walled Lake Mixed Use

Walled Lake
,
MI
3.95% rate, 5-year fixed
Amount: $
258675
Interest Rate: 
3.95
%

StackSource recently closed an acquisition loan for a 100% occupied, 4,000 square foot mixed use property located on the north end of Walled Lake, MI.  The property was built in 1920 and features 4 residential units and 2 commercial units, with the commercial units occupied by State Farm Insurance and a real estate & mortgage company.  Capital Advisor Chris Peters secured financing from a credit union lender that provided a 10-year term and 25-year amortization, with the rate fixed at 3.95% for the first 5 years.

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