Nihad Choudhury Of LMF Commercial Refinances Memphis Multifamily For $21.5M

The multifamily property in Memphis, TN consists of 321 units with a total square footage of 266,831. The recent transaction involved a refinance loan amounting to $21,500,000 provided under the terms of CMBS with a 5-year FTIO period, 80%+ LTC, and a 6.71% interest rate.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,500,000
• Market: Memphis, TN
• Lender: Nihad Choudhury - LMF Commercial
• Broker: Nate Hyman
• Loan Type: Refinance
• Loan Terms: CMBS: 5 Year FTIO, 80%+ LTC, 6.71% rate

The loan for this transaction was facilitated by Nihad Choudhury from LMF Commercial, while the brokerage services were provided by Nate Hyman. Both individuals played crucial roles in ensuring the successful completion of the loan refinance deal.