SUMMIT COURT APARTMENTS – JENKS, OK

Details

Loan Type: Permanent Financing

Loan: $2,830,000

Summit Court is a 96 unit, multi-family apartment community located in Jenks, OK, a suburb of Tulsa. The ten year, $2,830,000 Fannie Mae loan features a 30 year amortization and a fixed interest rate of 5.31%. Through streamlining expenses, proactive management and substantial capital improvements the sponsors were able to double the property’s NOI in about six months.

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