$3.8 MM - Multifamily Property, Tacoma, WA

  • Loan Amount: $3,800,000
  • LTV: 64%
  • Interest Rate: 7.99%
  • Term: 2 Years

Description

The Sponsor purchased this property which was not being well managed by the previous owner. Improvement were made to the units, new tenants added to the rent roll with proper screening. Avatar’s loan enabled the Sponsor to payoff a bridge loan and a Note to the seller, plus some cash out for further real estate investment. Once the operations of the property are seasoned, it will be sold or conventionally refinanced.

  • Loan Type: Multifamily Bridge
  • Loan Amount Range: $1M - $4.99M

This style property is located in Tacoma is currently and has been listed on Avatar Financial Group. This property is listed at . It has bedrooms, bathrooms, and is . The property was built in year.

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AVATAR FINANCIAL GROUP

1200 Westlake Avenue N, #1006
Seattle, WA 98109

Office: 206.728.5900
Toll-Free: 1.888.886.0097

For information about loan programs or loan
requests, email us at:
[email protected]

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