Loan Type : Refinance
Loan : $4,000,000
A $4,000,000 refinance of a nine-unit, mixed-use apartment building located in the Queen Village neighborhood of Philadelphia. The loan was written with a five-year term; the first year being interest-only and a 30-year amortization thereafter, with an interest rate of 4.11%. The Freddie Mac small balance loan was underwritten at 75% loan-to-value.