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Deal of the week

Deal of the Week Bulletin Board
May 14, 2008
Successful Financing Secured for a 40-Unit Apartment Complex in Pompano Beach, Florida
Seven Palms Apartments
Seven Palms Apartments - Pompano Beach, Florida
Problem: The borrower was looking for a 30-year fixed-rate loan with minimal upfront fees, and needed to close the loan within 30 days.
Solution: Through Thomas D. Wood and Company's relationship with a national banking institution, Company Assistant Vice President Ivan Hagen was able to offer the borrower an FNMA 30/30 loan for small-balance apartments with an upfront application fee of $4,000, and was able to close the loan on time.

Please contact Ivan Hagen at ihagen@tdwood.com

Deal Details:
  $1,250,000
  Multi-Family
  6.275%
  30/30
 

8800 W. Sample Road
Pompano Beach, Florida

 

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