$3.6MM Apartment Building Acquisition

Date:
July 12, 2013
Property Type:
Multi-Family
Loan 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.

Loan Terms:
$3,000,000 MULTIFAMILY ACQUISITION, 4.25%, 5/5 10-YR TERM, 30-YR AMORTIZATION

Contact one of our experienced Commercial Loan Advisors at (800) 341-6199