SYNDENHAM STREET APARTMENTS

Details

Loan Type: Permanent Financing
Loan:$1,800,000

Cash-out refinance for an eleven unit, 33-bed student housing development adjacent to Temple University. The loan carries a 5.375% interest rate with a ten-year term and a 30-year amortization. Financing was arranged from a lender willing to offer a long-term fixed-rate loan with no personal guarantee and cash-out proceeds.

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