Sabal Capital Partners Provides $4.5M Permanent Loan For Multifamily Property In Lorain, Ohio

A multifamily property located at 1235 Shaffer Dr in Lorain, Ohio has recently undergone a closed transaction. The property spans across 1,750,000 square feet and consists of 168 units. It is equipped with amenities such as a swimming pool and tennis court.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,500,000
• Lender: Sabal Capital Partners
• Broker: Noam Temchin & Jonathan Kramer - FM Capital

Noam Temchin and Jonathan Kramer from FM Capital represented the involved parties in this deal.

The loan obtained for this transaction was of a permanent type, with a loan amount of $4,500,000. The loan terms include a 10-year duration with full term interest only. The swimming pool and tennis court, along with the 168 units, were key factors in this loan agreement.