JT Bold Secures $5,460,000 Refinance Loan From Fidelity Bancorp Funding For Bay City Multifamily

The property asset involved in this transaction is a multifamily building located at 1909 Hamman Road in Bay City, consisting of 152 units. The total loan amount for this refinance is $5,460,000, with a loan type focusing on a 3-year term and an interest rate of 7% on an interest-only basis.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,460,000
• Lender: Fidelity Bancorp Funding
• Borrower: JT Bold
• Lender's Representative: Daryl Wilson - Fidelity Bancorp Funding
• Landlord's Representative: Cheryl Higley - NorthMarq
• Loan Terms: 3 years - 7% Interest Only

This transaction features key participants: Daryl Wilson represents Fidelity Bancorp Funding in the capacity of the lender's representative, while Cheryl Higley serves as the landlord's representative through NorthMarq, assisting in the coordination of the loan refinance process.