Multifamily: Tri-Cities, WA

Location
Tri-Cities, WA
Interest Rate
3.81%
LTV
57%
Loan Amount
$5,150,000
Loan Type
CMBS 10 Year, Interest Only Non-Recourse
Date
September 2020
AAI Financial facilitated the closing of a $5,150,000 loan for the construction take-out financing of a multifamily property. We were able to utilize the CMBS market to lock in a low long-term interest only rate with non-recourse.