Walled Lake Mixed Use

Walled Lake
,
MI
3.95% rate, 5-year fixed
Brick and wood frame mixed use property consisting of commercial units occupied by State Farm and Lake Area Houses on the first floor and residential units on the second floor.
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