40 Unit Multifamily Acquisition
Transaction
Acquisition loan for a 40 Unit multifamily property in East Texas.
Product(s)
Credit Union syndication multifamily loan.
Challenge(s)
- No 5+ multifamily experience
- Very Small Market Designation
- Reduced sponsor income documentation
The Result
Dunn Premier was able to structure a credit union syndication with a below market rate, 30 year amortization, and reduced prepayment penalty period in a very small market. Working in tandem with our repeat 1031 partner, our client was able to fulfill their 1031 obligations within the allotted timeframes.
