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Multifamily - Acquistion Financing

SOUTHEASTERN, US

$2,050,000

SOUTHEASTERN, US

$2.05M Acquisition Financing

 

Outcome:

 

  • $2.05M Agency loan – 65% LTV
  • 4.32% Fixed - Non-Recourse
  • 15-yr Term, 30-yr Amortization

Property and Location:

 

  • 64-Unit Multifamily
  • 7 Building property
  • Conway, SC

Constraints:

 

  • Rural location
  • Tight closing window as the buyer was in a 1031 exchange
  • Sponsor had a lack of Multifamily experience


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