Yale Avenue Apartments
StackSource recently arranged acquisition financing on behalf of a New York based real estate investment group to acquire a 6-unit apartment building located in the Englewood neighborhood on Chicago's South Side. The property was recently rehabbed with top end finishes and features three 4-bedroom and three 3-bedroom units. The investment group has been building a portfolio of 1-4 unit residential properties but was looking for a commercial lender that could help them with larger 5+ unit properties. StackSource Capital Advisor Chris Peters was able to secure an 80% LTV, 5-year fixed rate mortgage at 4.00% with a 25-year amortization from a local Chicago-based bank lender.