Loan Type : Acquisition
Loan : $4,135,950
A $4,135,950 non-recourse loan for the acquisition of 35 properties consisting of 53 units located in Harrisburg, Pa. The portfolio consists of 28 single-family homes, and seven multi-family complexes. The ten-year loan was underwritten at 75% of purchase price and features a floating rate of 359 basis points plus the ten-year swap rate on a 30-year amortization.