Loan Type : Cash-Out Permanent Loan
Loan : $1,350,000
A $1,350,000 in cash-out permanent financing to pay off the construction loan of a brand new six-unit luxury apartment building located in the Francisville/Fairmount section of Philadelphia, Pennsylvania. The seven-year loan features a fixed interest rate of 4.5% and was underwritten at 75% loan-to-value on a 30-year amortization schedule and is non-recourse.