Multifamily in Phoenix, Arizona
CommLoan was approached by an experienced investor that had recently sold a California property and was looking to exchange into two apartment buildings in Phoenix. The investor required maximum leverage and the lowest possible long-term fixed rate.
CommLoan secured two acquisition loans at 75% loan-to-value, with a 10-year fixed rate of 3.95%. CommLoan was able to find the right lending partner to fulfill the request based on consistent deal flow with existing relationships.