Location: Kansas City, Missouri
Property Type: Apartments
Loan Type: Allowed Seller carry-back, Non-recourse
Loan Term: 5 Year Term
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.