The properties received more than $5,000 per unit in repairs.
The loan originated in 2021 as a Lument proprietary bridge loan.
Lument was also the number one ranked MAP lender.
The loan qualified for a MIP deduction due to its green classification.
The two communities have a total of 349 units.
Lument's diverse platform helped the client achieve its goals despite many complexities.
Lument contributes to this must-have report full of data and insights.
The refinance is part of a comprehensive strategy to grow SanStone's portfolio.
The Fordham at Eagle Springs is part of a prestigious master planned community.
The refinancings replaced existing debt and provided cash-out proceeds.
The closing refinances debt and extends the Sec. 8 HAP contract for 20....
The $15.8 million CMBS loan features a fixed rate and ten-year, interest-only term.