Windsor Heights Mixed Use

Windsor Heights
,
IA
5/25 fixed at 3.62%
Amount: $
2137000
Interest Rate: 
3.62
%

StackSource successfully sourced and arranged financing for a 100% occupied, 30,000 sf 15-unit mixed use office and residential property located in Windsor Heights, IA.  The property sits on University Avenue and features 4 commercial units and 11 residential units.  Capital Advisor Chris Peters arranged financing from a regional bank and secured a 5-year term, 25-year amortization loan fixed at 3.62%.  The refinancing proceeds will pay off the current senior lender and pay down an existing investor.

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