Eastern Mortgage Capital Refinances 144-Unit Multifamily Property In Champaign, Illinois With 35-Year Loan At 2.65%

The multifamily property located at 2413 North Neil St in Champaign, Illinois has undergone a refinancing transaction. This 144-unit property was refinanced through a loan provided by Eastern Mortgage Capital.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,115,100
• Address: 2413 North Neil St, Champaign, Illinois
• Market: Champaign, Illinois
• Loan Type: Refinance
• Loan Terms: The property was refinanced with a 35-year loan at a fixed interest rate of 2.65%.
• Agents: Raymond Zanca & Matt Stearns (lackBearCapitalPartners)

The loan obtained for this transaction has allowed for the refinancing of the multifamily property at 2413 North Neil St. With a fixed interest rate of 2.65% over a 35-year loan term, this refinancing provides long-term stability for the property owner. Raymond Zanca and Matt Stearns from lackBearCapitalPartners represented the parties involved in this deal.