Loan Type : Permanent Refinance
Loan : $6,110,000
A $6,110,000 refinance of a 257-unit garden apartment complex located in Tulsa, Oklahoma. The loan was placed through Fannie Mae’s Delegated Underwriting and Servicing, or DUS, program at a competitive 4.12% interest rate for a ten-year term. It was underwritten at 65% loan-to-value with a 30-year amortization and significant “cash-out” to the borrower.