Lev Facilitates $3M Refinance Loan On Providence Multifamily Property On Ives St

Located at 91 Ives St in Providence, RI, this multifamily property spans over 64,606 square feet. The transaction involved a refinancing loan amount of $3,000,000 at a 75% loan-to-value ratio. The loan terms include a 10-year term, 30-year amortization, and a fixed interest rate of 5.14%. The loan is full-recourse.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,000,000
• Loan Type: Refinance
• Loan Terms: $3,000,000, 75% LTV, 10-year Term, 30-year Amortization, 5.14% Fixed, Full-recourse

The deal was facilitated by brokers Yaakov Zar, Ben White, Richard Sutton, Don Pavlov, and Carly Rubin from Lev. They played a crucial role in the transaction and represented the parties involved.