Kari Lee Apartments - Financed
The client was referred to Andy Crawford, CCIM by his real estate broker shortly after purchasing the property.
To obtain the best price, he initially closed on the purchase with an existing credit facility and needed to refinance to permanent debt.
After implementing his up-front property improvements, he needed a low interest rate to maximize loan proceeds in these DSCR-constrained market conditions.
Andy was able to partner with a local bank who recognized the value of the real estate, especially with planned interior upgrades as the tenancy naturally rolls, and lock in an aggressive interest rate to meet the client's need.
#commcap #cre #mortgagebanker #mortgagebanking #multifamily #permanentdebt #realestate
Contact today for current rates!
As your exclusive advisors, CommCap utilizes proprietary systems, market expertise, and years of experience to secure aggressive financing options that best fit your property. Exclusive correspondent and servicing relationships with Life Insurance Company, CMBS, and Agency lenders ensure a broad and in-depth representation of current market conditions. Our team of advisors craft a loan structured to enhance revenue and allow you to focus on increasing cash flow.
We do not list, sell, manage, or lease property. We only arrange financing and are the best at what we do.