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Chesapeake Portfolio

540 Woodlake Circle, Chesapeake, VA

Loan Amount

$15,350,000

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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