The Carlisle Apartments

Loan Amount$4,256,250
Loan TypePurchase
Property TypeMultifamily
LocationHouston, TX

Special Conditions & Comments

This was a Freddie Mac nonrecourse permanent fixed rate acquisition loan.

Loan terms: 75% LTV, fixed rate of 4.38%, 10 yr term (balloon), 30 yr amortization, I/O for 3 yrs, declining prepayment penalty 5544332211, no monthly escrows except for Real Estate Taxes and no holdbacks. No Phase I ESA is required.

Loan was funded in 63 calendar days from the day the Loan Application was signed.