Worcester County Multifamily Portfolio

Worcester
,
MA
Cash-out Refinance at 3.5%
Amount: $
1000000
Interest Rate: 
3.5
%

StackSource recently closed a 45% LTV cash-out refinance of a fully occupied multifamily portfolio consisting of three properties totaling 12 units located in Southborough, Hopkinton, and North Grafton, Massachusetts. Property acquisitions took place from August 2015 to November 2017. Capital Advisor Lucy Chen secured financing from a credit union lender that provided a fixed rate at 3.50% with 25 year amortization, delivering more attractive rate and terms than the Sponsor’s previous offers.

Charitable Cause supported by 1% of StackSource's revenue on this transaction:
New York City Relief