$34.7 Million Loan Secured For Multifamily Asset In Midwest By Newmark Brokers

The transaction involved a multifamily asset located in the Midwest market. The loan amount secured for the property is $34,700,000, with a loan term of 10 years, a spread of 118, and full-term interest-only payments.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $34,700,000
• Loan Terms: 10yr Term
• Spread: 118
• Payment Structure: Full Term IO

The brokers representing this transaction were Ricky Warner, George Skaff, Henry Stimler, William Weber, and Matthew Mense from Newmark. They facilitated the loan agreement, contributing to the successful closing of the deal within the Midwest market.