RCA Arranges Refinancing for For 60 Units Totaling $8,230,000

Apr, 14 15 Post by: RRA | Comments Off on RCA Arranges Refinancing for For 60 Units Totaling $8,230,000

Rittenhouse Capital Advisors - Refinance - West Chester, PA

 

JUST CLOSED:  RCA Arranges Refinancing for For 60 Units Totaling $8,230,000

  • Refinance of 60 Unit Property
  • 10 Year Fixed Rate at 3.95%
  • 30 Year Amortization
  • Loan Funded at 80% LTV
  • Loan Amount at Greater Than 100% LTC
  • Limited Recourse Structure with “Burn-Off” Provision
  • Flexible Prepayment Structure
  • Funding was “Take Out” of Construction Debt and Recapitalization of Partners
  • Funding Achieved on Limited Operating History

Call George Johnson for more details or to discuss commercial financing options at 215.989.4443

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