The multifamily property located at 1015 Lincoln Street in Hazleton, PA consists of 32 units and was acquired by FM Equities. The acquisition was facilitated through a $2,100,000 loan provided by RWC Lending. The loan terms include a 5-year fixed rate with interest-only payments throughout the entire term.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,100,000
• Asset Type: Multifamily
• Units: 32
• Lender: RWC Lending
• Landlord: FM Equities
• Brokers: Matthew Stearns & Zach Lutwak-Fitzgerald - Black Bear Capital Partners

Matthew Stearns & Zach Lutwak-Fitzgerald of Black Bear Capital Partners acted as brokers in this transaction, representing the parties involved in the acquisition of the 32-unit multifamily property. The collaboration between the lenders, RWC Lending, and the landlord, FM Equities, was essential in securing the $2,100,000 loan for the acquisition deal.