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CommCap Advisors recently arranged a $2,250,000 refinance for the 65-unit Desert Palms Apartments at 5750 Boulder Highway in Las Vegas, NV. CommCap secured Agency financing through Greystone Servicing Company for a Freddie Mac Small Balance loan program. The term is for 20 years and provides 30 year amortization with an initial 3 year Interest Only period. The loan offered the best long-term, non-recourse, low cost, fixed-rate option for the borrower. This loan was originated and closed amidst the Covid-19 Pandemic with Early Rate Lock provided for at signing of Application. CommCap Advisors has remained open throughout the pandemic and is continuing to quote and close new loan requests.

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