Loan Type : Refinance
Loan : $2,400,000
A $2,400,000 refinance of a 52-unit complex building with a unit mix of one, two and three-bedroom apartments located in Mobile, Alabama. The loan features a ten-year term on a 30-year amortization with a floating rate of the ten-year swap plus 245 basis points. The loan was underwritten at 75% loan-to-value.