Commerical Loan Details


Date: June 19, 2014
Title: $950K Multifamily Property Refinance
Practice Type: Multi-Family
Loan Terms: $950,000 MULTIFAMILY REFI, 4.12%, 5-YR FIXED TERM, 30-YR AMORTIZATION, NO BALLOON

Scenario: An owner of a High End 6-Unit Multifamily Property in Seattle, Washington approached 1st Commercial to structure financing to refinance his current loan, which was ballooning.

Conventional Financing Structured:

Financing structured to refinance current debt at lower interest rate & re-amortize the loan over 30-Years with no balloon.

Loan Proposal Issued: 6/19/2014

   

 


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