FINANCED
Keel Team Refinances Multifamily Portfolio In MI, PA, And SD With $10.25M Loan
315 Linwood Avenue, 452 Elm Street, 2856 W Carleton Road, 18536 Reservoir Road, And 911 E Duke Street
MultiFamily
Financed 341 days ago
Summary
Loan
MICHIGAN
MultiFamily
The five property portfolio, consisting of a total of 317 units, located at 315 Linwood Avenue, 452 Elm Street, 2856 W Carleton Road, 18536 Reservoir Road, and 911 E Duke Street, was involved in a refinance loan transaction. The properties are situated in Alma, Breckenridge, and Hillsdale, MI; Saegertown, PA; and Vermillion, SD respectively. The multifamily assets were owned by Keel Team Real Estate Investments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,252,000
- Loan Type: Refinance
- Loan Terms: The 10-year fixed-rate loan at 5.62% was secured with interest-only payments throughout the term. The financing was provided by an agency lender.
The refinance loan for this 317-unit portfolio was facilitated by Scott Modelski of Black Bear Capital Partners, who represented Keel Team Real Estate Investments in the deal.
Players
Details
FINANCED
IMAGE: Scott Modelski
DATE: 05/24/2023
ADDRESS: 315 Linwood Avenue, 452 Elm Street, 2856 W Carleton Road; 18536 Reservoir Road; & 911 E Duke Street
MARKET: Alma, Breckenridge, & Hillsdale, MI; Saegertown, PA; & Vermillion, SD
ASSET TYPE: Multifamily ~ UNITS: 317
LANDLORD: Keel Team Real Estate Investments
BROKER: Scott Modelski - Black Bear Capital Partners
LOAN AMOUNT: $10,252,000
LOAN TYPE: Refinance
LOAN TERMS: The five (5) property portfolio, spanning 317 units, was refinanced via a 10-year fixed rate loan at 5.62% with interest-only payments for the entirety of the term. The financing was provided by an agency lender.View on map
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Address315 Linwood Avenue, 452 Elm Street, 2856 W Carleton Road, 18536 Reservoir Road, And 911 E Duke Street
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