Ready Capital Provides $66.7M Acquisition And Renovation Loan For Multifamily Property On Town Center Dr In Granger, South Bend, IND
5504 Town Center Drive
MultiFamily
1,329,887 SF
1,329,887 SF
Financed 1 year ago
Summary
5504 Town Center Dr, located in Granger, South Bend, IND, has recently completed a closed transaction involving a multifamily property with 400 units. The loan for this acquisition, renovation, and stabilization project was secured through Ready Capital, with David A. Cohen representing the brokerage.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $66,700,000
- Loan Type: Acquisition, Renovation & Stabilization
- Loan Terms: Nonrecourse loan with interest-only payments, a floating rate, and a four-year term
David A. Cohen, from Ready Capital, played a crucial role in facilitating this transaction, ensuring a successful acquisition, renovation, and stabilization process for the multifamily property situated at 5504 Town Center Dr in Granger, South Bend, IND. His expertise and dedication were instrumental in securing the $66,700,000 loan with favorable terms.
Players
Details
View on map
Loading...
5504 Town Center Drive
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want