FINANCED
PNC Bank Provides $3.3M Refinance Loan For Norfolk Multifamily
903 South 16th Street
MultiFamily
Financed 1 year ago
Summary
Loan
NEBRASKA
MultiFamily
The 90-unit multifamily property located at 903 S 16th Street in Norfolk, NE has been refinanced through a loan provided by PNC Bank. The property, a manufactured housing community, was refinanced for a loan amount of $3,275,000. The loan terms include a 10-year fixed-rate with a loan-to-value (LTV) ratio of 65% and full-term interest-only payments.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,275,000
- Address: 903 S 16th Street, Norfolk, NE
- Market: Norfolk, NE
The lender for this transaction was PNC Bank, providing the necessary financing for the refinancing. The landlord involved in this deal is the Keel Team, represented by Andrew Keel. Scott Modelski from Black Bear Capital Partners served as the broker in this transaction, facilitating the refinancing process.
Players
Details
FINANCED
IMAGE: Scott Modelski
DATE: 05/17/2022
ADDRESS: 903 S 16th Street
MARKET: Norfolk, NE
ASSET TYPE: Multifamily
LENDER: PNC Bank
LANDLORD: Keel Team - Andrew Keel
BROKER: Scott Modelski - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $3,275,000
LOAN TYPE: Refinance
LOAN TERMS: The 90-unit manufactured housing property was refinanced with a 10-year fixed-rate loan at 65% LTV and full-term interest-only payments.View on map
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Address903 South 16th Street
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