Forth Worth Multifamily

Property Name: Forth Worth Multifamily
Location: Forth Worth, TX
Property Type: Apartment/Multi-Family
Transaction Type: Permanent Financing
Loan Amount: Undisclosed
Details: Q10 KDH Vice President Larry Peters arranged permanent financing for a multifamily property in Fort Worth, Texas. The property contains 185,500 NRSF and includes 240 units. Financing was provided with a 3.1% interest rate and a 7-year term and 30-year amortization with two years of interest only. "The client was looking to return cash to the partners and be released from the personal recourse on the existing debt. This low rate loan not only accomplished that but increased the monthly cash flow with the attractive rate and interest only component. Considering their short term of ownership, the partners were satisfied with the execution and are looking to repeat the process with other assets in their portfolio." – Larry Peters 
More Info: Larry Peters at 713-871-5812 or contact me