LMF Commercial Provides $10,500,000 Refinance Loan For Mixed-Use Asset In Kannapolis NC

The property asset is a mixed-use development located in Kannapolis, NC, consisting of 43 units. The transaction involved a loan amount of $10,500,000 for refinancing purposes, under CMBS with a term of 5 years and a Fixed Term Interest Only (FTIO) structure.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $10,500,000
• Lender: LMF Commercial
• Loan Originator: Michael Muscatell
• Loan Terms: CMBS - 5 Year, FTIO
• Deal Team: Gavin Ferruggia, Steven Russell

Michael Muscatell served as the loan originator for this transaction, while Gavin Ferruggia and Steven Russell were part of the deal team from LMF, contributing to the successful refinancing of the property asset.