Loan Type : Cash-Out Non-Recourse Permanent Loan
Loan : $6,250,000
A $6,250,000 cash-out non-recourse permanent financing for a 48-unit luxury apartment community located Bloomsburg, PA. The ten-year loan features an interest rate of the ten-year swap plus 240 basis points, and underwritten at 71% of the value on a 30-year amortization.