We Lend LLC Provides $1.19M Acquisition Loan For Myrtle Beach Multifamily Property

Myrtle Beach, South Carolina, United States

$1,193,000

$200/SF

Building Size

5,952 SF

Asset Type

MultiFamily

Closing

Feb 27, 2022

AI

A multifamily property in Myrtle Beach with a square footage of 5,952 and 14 units was recently involved in a closed transaction. The deal took place on 02/28/2022.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $1,193,000
Market: Myrtle Beach
Units: 14
Loan Type: Acquisition

The lender for this transaction was We Lend LLC. The loan amount provided by We Lend LLC was $1,193,000. The loan was specifically for the purpose of acquisition.

Notably, the loan program offered by We Lend LLC was designed for the conversion of hotels to Airbnb. The property in question is a multifamily asset with a value-add opportunity. The loan features an interest rate of 8.5%.

For any inquiries regarding loans, interested parties can reach out to Solomon Suleymanov at [email protected].

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