Eli Osdoba Of Harborview Capital Partners Closes $14.3M Refinance On Multifamily Asset In Longview

A multifamily property located at 3858 Pennsylvania Street in the Longview market has undergone a refinancing transaction. The property consists of 195 units and has been refinanced for a total loan amount of $14,300,000, structured as a non-recourse loan. The loan features a 35-year term and amortization with a fixed rate. The refinancing was sized to a 1.15x debt service coverage ratio and an 80% loan-to-value ratio, allowing the sponsor to cash out $2 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,300,000
• Units: 195
• Market: Longview
• Lender: Eli Osdoba - Harborview Capital Partners; First American Capital Group
• Loan Type: Refinance
• Loan Terms: 35-year term/amortization, non-recourse, Fixed Rate Debt

Eli Osdoba from Harborview Capital Partners facilitated the HUD 223(f) refinance on this multifamily property, showcasing the firm's expertise in debt, equity, and investment sales, particularly within the multifamily sector and other asset classes. Interested parties are encouraged to reach out to Eli regarding any financing needs.