Westwood Realty Associates' Steven Vegh Brokers $47.45M Acquisition Loan For Multifamily Property In Greenville, NC

The multi-family property located at 3800 & 4020 Bostic Drive in Greenville, NC has recently been involved in a loan transaction. The property spans across 690,000 square feet and consists of 600 units. The loan, totaling $47,450,000, was obtained for the purpose of acquisition. The loan terms include an 85% loan-to-value ratio and a 3-year term with full-term interest-only payments.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $47,450,000
• Address: 3800 & 4020 Bostic Drive, Greenville, NC
• Market: Greenville, NC
• Square Footage: 690,000
• Units: 600

The loan transaction was facilitated by broker Steven Vegh from Westwood Realty Associates. His involvement in the deal highlights his expertise in the real estate industry and his ability to successfully assist clients in acquiring financing for their property acquisitions.