Entries by serfaty

$2,250,000 Felicity & Hamony Apartments, New Orleans, LA

Cash out refi on 59 units built in 1880! Two non-adjacent properties in downtown New Orleans. $2,250,000, refi 4.26% fixed 5 year fixed rate loan, 20 year total term 30 year amortization 3,2,1,1,1 prepayment penalty, followed by 15 years open Non-Recourse RATE LOCKED AT APPLICATION   Rate resets after 5 years based on a spread over the 6 […]