Bel Aire Apartment Complex

Location: Overland Park, Kansas
Amount: $920,000
Property Type: Apartments
Loan Type: Floating rate mini perm
Loan Term: 6-year Term with 3-year adjustiable Rate

Caffrey and Co. help place a loan to refinance this loan through a local bank. The bank loan was for 6-years at 3.5% plus the then yield on the 3-year UST with a 15-year amortization, floor rate of 5.75%.