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Deal Description
The client approached Kay Finance in need of respositioning several assets within their portfolio due to the oncoming turbulence in the capital markets. Through that process - Kay was able to secure competitve acquisition financing for a 2 property portfolio. The acquisition financing included good news future funding allowing the borrower to execute their value-add business plan of repositioning tenants
Property Location
540 Woodlake Circle, Chesapeake, VA
Quick Stats
Partner Type
Bank
Program Type
Bank
Program details
LTV: 65%
Rate: 6.05% fixed
Term: 5 years
IO Period: 5 years
Non-recourse
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