$3,350,000 – Portfolio of Single Family & Small Multifamily Rental Properties, 69 Units, Dickinson, North Dakota

/in

$3,350,000

Permanent Loan

Limited-Recourse

Rate Locked at Application

6.0% fixed

5-Year Term with 5 year extension option

20-year amortization

 

DETAILS:

Sponsor is out of state and sought to purchase this portfolio of 69 rental units, mostly single family homes. All properties are within the Dickinson, ND energy area, which has a strong economy due to oil prices. Banyan Commercial Capital was able to procure a lender that understood the area, and had local experience.   

Nico Pepia – [email protected]

Michael Brown – [email protected]