Loan Type : Acquisition
Loan : $2,330,000
A $2,330,000 permanent loan for the acquisition of a 64-unit apartment complex located in Tulsa, Oklahoma. The non-recourse loan features a ten-year term with two years interest-only followed by a 30-year amortization and an interest rate of 4.43%. The loan was underwritten at 75% loan-to-value.