Services Provided:

Capital

Industries:

Multifamily

Location

Brooklyn Center, MN

Broker:

Project Summary

  • Refinance of a 24 unit multi-family property
  • 80% LTV
  • 3 year term / 25 year amortization
  • No prepayment penalty

The borrower anticipates selling the property within the next 1-2 years so, the no prepayment option was crucial to the deal. The transaction was closed in less than 45 days and the borrower was impressed with the ease of execution.