FINANCED
Alpha Capital CRE Secures $14.6M Acquisition Loan For Michigan State University Student Housing
4915 Belle Chase & 238 West Saginaw
MultiFamily
1,500 SF
1,500 SF
Financed 1 year ago
Summary
Loan
MICHIGAN
MultiFamily
1,500 sqft
A recent loan transaction took place involving two properties located at 4915 Belle Chase and 238 W. Saginaw in Michigan State University Student Housing market. The properties are classified as multifamily assets.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,650,000
- Loan Type: Acquisition
The loan transaction was facilitated by Anthony Longo of Alpha Capital CRE. The loan amount totaled $14,650,000 and consisted of two separate loans. The first loan was an 80% loan-to-value (LTV) senior loan, while the second loan was a 65% LTV Bridge Loan.
Note: No additional information is available regarding the terms of the loans or the lenders involved.
Players
All
2
Agents
1
Agencies
1
Details
FINANCED
IMAGE: Anthony Longo
DATE: 03/19/2021
ADDRESS: 4915 Belle Chase and 238 W. Saginaw
MARKET: Michigan State University Student Housing
ASSET TYPE: Multifamily
LOAN TYPE: Acquisition
BROKER: Anthony Longo - Alpha Capital CRE
LOAN AMOUNT: $14,650,000
LOAN TERMS: Two separate loans, 80LTV senior loan and a 65% LTV Bridge LoanView on map
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Address4915 Belle Chase & 238 West Saginaw
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