$4,129,000 – 20-Year Fixed Rate, Non-Recourse, Multifamily Acquisition Perm, Miramar, FL

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$4,129,000

Acquisition Permanent Loan

Non-Recourse

Rate Locked at Application

3.53% fixed rate

20-Year Term

30-year amortization

 

DETAILS:

This loan enabled the client to purchase this 40-unit property which has plenty of rent upside, and has been well maintained by the seller. The early rate locked allowed the client to proceed without fear of rate increase for very inexpensive debt. Rates at the time fo closing were 100 bps+ higher from same lender. 

Dan Bockstoce – db@banyancc.com

Michael Brown – mb@banyancc.com