Veterans Village 2
Loan Amount: $9,059,000
Rate: Confidential
Term: 10 years
Amortization: 30 years
LTV: 75%
Guarantee: Non-Recourse
The $9,059,000 loan was bifurcated into two separate debt instruments, a $7,869,000 senior and $1,190,000 interest only mezzanine. The entire debt stack was used to refinance a 204-unit multi-family property in Downtown Las Vegas. The property is dedicated to permanent housing for United States Veterans and their families. CommCap Advisors provided 13.3% more loan proceeds to the borrower after identifying and utilizing Freddie Mac’s new Targeted Affordable Mezzanine Loan Program.
