Northmarq arranged the $5.2 million refinance on an apartment complex located in Boise, Idaho
BOISE, IDAHO (December 19, 2019) – Steve Hollister, senior vice president of NorthMarq’s Boise and San Diego regional offices, arranged the $5.2 million refinance of this asset through a correspondent life insurance company. The loan structure was a non-recourse, 15-year fixed rate loan with a 30-year amortization.
“The lender provided a far superior rate than the competition for a repeat borrower,” said Hollister.
The apartment complex is a 52-unit complex consisting of 1 bed/1 bath and 2 bed/2 bath units in three buildings. Amenities include balconies, walk-in closets, and stainless steel appliances.
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