Latha Nelluri Secures $17.4M Refinance Loan From Fannie Mae For Myrtle Beach Multifamily Property

The asset involved in this transaction is a multifamily property consisting of 160 units, located at 1500 Coastal Lane and 321 Patriots Hollow Way in Myrtle Beach, SC. The transaction includes a loan amount of $17,400,000 under a refinance loan type, backed by Fannie Mae.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,400,000
• Address: 1500 Coastal Lane & 321 Patriots Hollow Way
• Market: Myrtle Beach, SC
• Lender: Fannie Mae
• Landlord: Latha Nelluri
• Broker: Abe Mann - Mann Capital Advisors
• Loan Type: Refinance

The deal involves key individuals such as Latha Nelluri representing the landlord, and Abe Mann acting as the broker from Mann Capital Advisors. Abe can be contacted for any financing needs at 917-574-3810 or [email protected].