Multifamily: Tri-Cities, WA

Location
Tri-Cities, WA
Interest Rate
5.22% / 4.35%
LTV
75% of Cost
Loan Amount
$9,512,000
Loan Type
Construction to Perm.
Date
January 2020
AAI Financial facilitated the closing of a $9,512,000 construction to perm loan to finance the construction of Phase I 60-units of a Five Phase Apartment Project. We were able to use sweat equity to adhere to loan to cost requirements.