BRISTOL PARK APARTMENTS – TULSA, OK

Details

Loan Type: Refinance, Non-recourse

Loan: $12,000,000

Bristol Park is a 512 unit Class B apartment community in Tulsa, OK. RPC refinanced the acquisition bridge loan with a new $12,000,000 non-recourse CMBS loan within nine months of purchase. The loan features a ten year term and a 30-year amortization with two years interest only and a rate of 4.93%. This allowed the repeat client to recoup 90% of their total cost inside of a year of purchase.

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