Financing Amount:
Cash-Out Refinance
Capital Source:
Freddie Mac
Transaction Details:

Cambridge Place is a 15-unit multifamily property located in Phoenix, Arizona. The 2-story property was originally built in 1986 and is comprised of frame and stucco construction. The property benefits from easy access to the AZ-51 Freeway and is directly adjacent to Phoenix Children’s Hospital. Currently the property is 100% leased.

The borrower is a private investor based in northern California and owns other Phoenix real estate assets.

The low leverage Freddie Mac Small Balance loan provides the borrower with a 10-year fixed rate term at a 5.35% interest rate. The loan pays off their existing debt and provides significant liquidity back to the borrower to be used towards additional investment opportunities.

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