Fixed-rate non-recourse loan for multi-family refinancing

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Class "B" Apartments
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Fannie Mae
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St. Clair, Michigan
Camberwell Apartments

Refinancing of Stabilized Apartments

Steve Mench arranged this 10-year fixed-rate non-recourse refinancing with Fannie Mae. Quality of the asset and depressed market conditions were a challenge. Refinancing the existing loan amount and interest rate were important to the investors.

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