Lorren Capital Secures $4.4 Million Refinance Loan For 72-Unit Multifamily In Iowa Park

The property involved in the transaction is a multifamily asset located at 1000 Mary Drive in Iowa Park. The property comprises 72 units and has a loan amount of $4,400,000 associated with it. The loan type is a refinance with a fixed rate for a term of 5 years, featuring a full term interest-only structure.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,400,000
• Loan Type: Refinance
• Loan Terms: 5 Years
• Lender: John Sloot - Greystone
• Landlord: Lorren Capital
• Landlord's Representative: Julie Anne Peterson - Old Capital
• Note from Lender: 5 Year Fixed Rate, Full Term IO, Greystone Express Execution

The key individuals involved in this transaction include John Sloot, representing Greystone as the lender, and Julie Anne Peterson, who represents Lorren Capital through Old Capital. Their roles were crucial in facilitating the refinance of the property asset. The involvement of both parties underscores the commitment to executing the deal effectively.