Woodrow Courts Multifamily

Norfolk
,
VA
7.99%, 80% LTC bridge
Aerial view of multifamily apartment building in Virginia
Amount: $
2120000
Interest Rate: 
7.99
%

StackSource Capital Advisors Omar Sobhy and Zach Wagner helped a buyer obtain an 80% LTC bridge loan to fund the purchase and renovations for a 16-unit multifamily property located in Norfolk, VA. StackSource was able to help the buyer in initiating their value-add strategy of upgrading the property and hiring professional property management, leading to market rental rates.

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