Group (TMG), a leading national lending source of multifamily financing nationwide,
arranged the $1,600,000 cash out refinance of a 22-unit apartment complex in
downtown Salt Lake City.
The borrowers were seeking a loan to refinance the property
at today’s low rates while getting cash out and putting a non-recourse loan in
While many institutions are not currently lending, TMG's extensive lender relationships allowed the us to lock in a rate of 3.12% fixed for 10 years
on the property giving the clients cash out.
Loan Amount: $ 1,600,000
Interest Rate: 3.12%
Term: 10 Years
Amortization: 30 Years