Wilmington Condo Portfolio

Wilmington
,
NC
Cash out refi, 70% LTV, 4.625% fixed rate
Two-story condominium
Amount: $
292500
Interest Rate: 
4.62
%

StackSource recently closed a cash out refinance loan for a New York based investor that had acquired a portfolio of 6 residential investment condos in Wilmington, NC.  The portfolio is part of a larger 12 unit condo property and part of a larger investment portfolio the investor had acquired in 2020 and 2021.  StackSource Capital Advisor Chris Peters was able to navigate the portfolio of unwarrantable condos and successfully arranged financing with a private lender that was able to offer cash out up to 70% LTV and a 30-year fixed rate at 4.625%.

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