CommCap is pleased to announce the recent closing of the Rennick Portfolios. The projects consisted of two recently renovated multifamily portfolios totaling 47 units. The two financings totaling $4,190,000 provided the borrower cash-out, long term fixed rates in the low 4’s, an extended 30 year amortization, and removed full recourse liability.
Please call Matthew Hoyt on your next non-traditional multifamily financing.
Loan Amount: $4,190,000
Property Type: Multifamily
Property: Rennick Portfolio
Lender Type: Life Insurance
Term: 10 Year
Amortization: 30 Year
Partial Recourse
Contact today for current rates!
Matthew Hoyt
702.792.7558
As your exclusive advisors, CommCap utilizes proprietary systems, market expertise, and years of experience to secure aggressive financing options that best fit your property. Exclusive correspondent and servicing relationships with Life Insurance Company, CMBS, and Agency lenders ensure a broad and in-depth representation of current market conditions. Our team of advisors craft a loan structured to enhance revenue and allow you to focus on increasing cash flow.
We do not list, sell, manage, or lease property. We only arrange financing and are the best at what we do.
