Commerical Loan Details


Date: July 12, 2013
Title: $3.6MM Apartment Building Acquisition
Practice Type: Multi-Family
Loan Terms: $3,000,000 MULTIFAMILY ACQUISITION, 4.25%, 5/5 10-YR TERM, 30-YR AMORTIZATION

Scenario: Borrower approached 1st Commercial Looking to purchase a two-story 20-unit Apartment Building in the heart of Miami Beach.

Conventional Loan Proposal Issued:

Financing structured to acquire the building with 20% capital injection.

   

 


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