Commerical Loan Details


Date: February 11, 2014
Title: $2.0MM Multifamily Refinance
Practice Type: Multi-Family
Loan Terms: $2,000,000 MULTIFAMILY REFI, 4.00%, 10-YR TERM, TWO 5-YEAR FIXED PERIODS, 30-YR AMORTIZATION

Scenario: An owner of a 24-Unit Multifamily Property in Coral Springs, FL approached 1st Commercial to structure financing to take out his seller held note at an aggressive interest rate.

Conventional Financing Structured:

Financing structured to refinance current debt at lower interest rate & re-amortize the loan over 30-Years.

Loan Proposal Issued: 2/11/2014

   

 


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