Lument Provides $11.3M Loan For Easton Parc Apartments In Sherman, Texas | 1600 La Salle Drive | Lument | MultiFamily | Loan

Summary

Loan

TEXAS

MultiFamily

The Easton Parc Apartments in Sherman, Texas has secured $11.3 million in financing through a 10-year loan provided by James Flynn of Lument. The loan amount will be used for a refinancing transaction.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $11,300,000
Loan Type: Refinance
Loan Terms: The loan will have a 10-year duration, with interest-only payments for the first five years. After that period, it will switch to a 30-year amortization schedule.

The Easton Parc Apartments is a multifamily property consisting of 232 units. The property was originally built in 1986 and underwent renovation in 2013. It offers various amenities to its residents.

James Flynn, a representative from Lument, acted as the lender for this transaction, providing the necessary financing for the refinancing deal.

Players

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1

Lenders
1

Lument

Details

Deal Summary

FINANCED

IMAGE: James Flynn DATE: 01/26/2024 ADDRESS: 1600 LaSalle Drive MARKET: Sherman ASSET TYPE: Multifamily ~ UNITS: 232 LENDER: James Flynn - Lument (@LumentCRE) LOAN AMOUNT: $11,300,000 LOAN TYPE: Refinance LOAN TERMS: 10-year loan pays only interest for the first five years, after which it amortizes on a 30-year scheduled NOTE: Lument secured $11.3 million in financing for Easton Parc Apartments in Sherman, Texas, offering a 10-year loan with interest-only payments for the first five years. The property, featuring 232 units and various amenities, was built in 1986 and renovated in 2013.

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Address1600 La Salle Drive

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