Property Name:
Weatherstone North & South
Location: Southfield, Michigan
Property Type: Apartment/Multi-Family
Transaction Type: Refinance
Loan Amount: $12,300,000
Details: The loans were placed through a Lutz/Fannie Mae correspondent relationship and were structured with 30-year terms, 5 years of interest only, followed by 30-year amortization schedules and interest rates under 5.00%. Both loans allowed the owner to lock in the interest rate 45 days prior to the closing.
More Info: Michael Lemon at 248-432-3215 or contact me
Location: Southfield, Michigan
Property Type: Apartment/Multi-Family
Transaction Type: Refinance
Loan Amount: $12,300,000
Details: The loans were placed through a Lutz/Fannie Mae correspondent relationship and were structured with 30-year terms, 5 years of interest only, followed by 30-year amortization schedules and interest rates under 5.00%. Both loans allowed the owner to lock in the interest rate 45 days prior to the closing.
More Info: Michael Lemon at 248-432-3215 or contact me