Property Type: Mixed-Use Apartment Building containing 58 Apartments and 5 Commercial Spaces
Loan Type: Freddie Mac Small Balance Loan
Purchase Price: $9,250,000
Loan Amount: $6,805,000
Term: 7 Year Fixed with 1 Year Interest Only
Amortization: 30 Years
Interest Rate: 4.05%
Lender Fees: $995
Assumption: Loan is Assumable with a 1% Transfer Fee and Processing Fee of $2,500
Guarantor Terms: Non-Recourse
Freddie Exceptions Granted: 1) Foreign Guarantors, 2) 74% LTV!!!!!
Referring Partner: Harbor Stone Advisors – https://harborstoneadvisors.com/
