FM Equities Secures $2.1M Acquisition Loan For Hazleton Multifamily Property

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.