HAVRE DE GRACE PORTFOLIO – HAVRE DE GRACE, MD

Details

Loan Type: Permanent Financing

Loan: $1,540,000

The Havre de Grace Portfolio consists of three geographically related clusters of apartments that include 58 multi-family and commercial units in six buildings in northeastern Maryland. The properties are centrally located in the bucolic town of Havre De Grace, within walking distance of the Chesapeake Bay and the Susquehanna River. The seven year $1,540,000 acquisition loan features a 75% loan-to-value with 4.50% interest rate fixed for seven years and a twenty-five year amortization.

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