EVERGREEN APARTMENTS

Details

Loan Type:Permanent Refinance
Loan:$6,110,000

This transaction was a $6,110,000 refinance of a 257-unit garden apartment complex located in Tulsa, OK. The loan was placed through Fannie Mae’s Delegated Underwriting and Servicing program at a competitive 4.12% interest rate for a ten-year term. It was underwritten at 65% loan-to-value with a 30-year amortization and significant “cash-out” to the borrower.

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