Willowwind Apartments
| Location: | Kansas City, Missouri |
|---|---|
| Amount: | $3,360,000 |
| Property Type: | Apartments |
| Loan Type: | Allowed Seller carry-back, Non-recourse |
| Loan Term: | 5 Year Term |
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Caffrey & Company LLC has arranged a $3,360,000 acquisition loan for the Willowwind Apartment complex through a correspondent lender. This 94 unit apartment complex was constructed in 1970. Caffrey & Company LLC helped structure a Seller Carryback loan under terms acceptable to the Conduit Lender. This 5 year loan carried a 30 year amortization with typical non-recourse terms. The borrower expects to increase value over the next five years and pull equity out of this property to expand his real estate investments. |
Current Rates (09/03/2010)
- Apartments 4.55%
- Mobile Home Park 4.75%
- Anchored Retail 5.65%
- Non-Anchored Center 5.85%
- Single Tenant Retail 5.80%
- Office 5.85%
- Industrial / Flex 5.92%
- Self-Storage 6.15%
- Medical Office 5.15%
- Hotel 6.65%
- Owner Occupied 4.65%
- Land 8.65%
- Other 6.40%
Rates are based on a $2 million loan, 25 year amortization, 10 year fixed rate term. For apartment complexes, a 30 year amortization is available.