Loan Type : Permanent Financing
Loan : $1,800,000
A $1,800,000 cash-out refinance of an 11-unit, 33 bed student housing development in the Temple University market. The loan carries a ten-year fixed rate term with a 30-year amortization and an interest rate of 5.375%. It was underwritten at 75% loan-to-value and is non-recourse.