ALL COMMERCIAL CAPITAL CLOSES $3.5MM MULTIFAMILY REFINANCE + $1.5MM L.O.C IN CAMDEN, NJ
Property Type: 11 Garden Style Apartment Buildings containing 10 one-bedroom, 25 two-bedroom, and 24 three-bedroom units
Loan Type: Conventional and Line of Credit with Regional Lender
Commercial Loan Amount: $3,500.000
Term: 10 yrs. / 5 yr. reset @ 5 year FHLB of Pittsburgh Index + 2.5%
Amortization: 30 Years
Interest Rate: 3.75%
Lender Fees: .25%!!!!
Line of Credit: $1,500,000
Interest Rate: WSJP plus 1%, floating
GUARANTOR TERMS: Unlimited guaranty for 2 years followed by bad boy carve out for remainder of the loan
