Multifamily: Tri-Cities, WA

Multifamily apartment complex in the Tri-Cities, Washington

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.