Nimes Real Estate Secures $13.725 Million Refinance Loan For Multifamily Property In Matthews NC

The property asset involved in this transaction is a multifamily building located at 4313 Margaret Wallace Road in Matthews, NC. The asset encompasses a total square footage of 125,000 and consists of 74 units, reflecting its capacity for accommodating residents.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,725,000
• Lender: Fannie Mae
• Landlord: Nimes Real Estate
• Loan Type: Refinance
• Loan Terms: 5yr Term | Full Term IO | 5.46% All-in Rate | 65% LTV
• Brokers: Ricky Warner, Henry Stimler & William Weber - Newmark

This transaction was facilitated by brokers Ricky Warner, Henry Stimler, and William Weber, who represent Newmark. Their involvement underscores the collaboration between the firms during the refinancing process for the property.