$3,000,000 – Cash Out – 48 Unit Multifamily Property, Tampa, Florida

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$3,000,000, Cash Out

3.52% fixed

10 year fixed rate loan

30 year amortization

Non-Recourse

No escrows

No Reserves

No Covid-19 holdback

 

REPEAT CLIENT

A 4-year old stabilized property, great condition, well managed, fully occupied. Owned by the developer, who had built it out of cash. The full loan amount was cash out.

 

 

Closed by Dan Bockstoce & Michael Brown

db@banyancc.com

mb@banyancc.com