Bonnie Arms & Celeste Apartments
$3,490,000 & $3,410,000 Perm Loans
27-Units Multi-Family/2 Buildings
HRC arranged $6.9M of permanent financing with a local credit union at a rate in the mid 3% range. The loans were structured as 3 year terms with 30 years of amortization. The borrower demanded max loan proceeds at a low rate to free up equity for an apartment development project.