$7 Million Refinance Secured for Mississippi Multifamily Community
Starkville, MS– Abe Mann secured $7,000,000 to refinance a 230-unit residential community located in Mississippi. Situated on 10 acres, the property was developed in 1975 and recently acquired by the current owners. They approached Abe to refinance their current debt which provided an uncompetitive interest rate via a private note. Abe was successful in securing a rate of 4.10% fixed for 10 Years, with an Interest Only period and 30-year amortization thereafter.
Progress Capital is a commercial real estate advisory company serving clients since 1990. With over $40 Billion in closed loans and $150 Million of directly funded bridge loans, we will get you to the closing table… Plain and Simple. #thatsProgress