FM Capital Arranged a $14.25 Million Cash-Out Refinance Loan for Multifamily Complex in GA
HOLLYWOOD, Fla., Dec. 19, 2018 /PRNewswire/ -- FM Capital arranged a $14.25 Million cash-out refinance for the Golden Gate Townhomes, a 316-unit multifamily complex, located in Stone Mountain, GA. Approximately 244 of the 316 units are currently occupied. Sponsorship has been rehabbing the units and renting them over time and will likely stabilize this asset in 2019. FM Capital's Vice President of Originations, Joe Back, negotiated the loan with a large cash-out component despite the property's unstabilized condition.
For all commercial real estate loan inquiries, please contact:
Joe Back
Vice President of Originations
FM Capital
[email protected]
(305) 722 – 6184
About FM Capital
FM Capital, LLC is a full service vertically-integrated Commercial Real Estate (CRE) investment firm, headquartered in South Florida. FM Capital invests in commercial real estate and debt strategies, and specializes in originating CRE financing. Since our inception in 2007, we have acquired and disposed of more than $3 billion in assets and over 15,000 multifamily units. By utilizing a value-investing philosophy and hands-on management approach, we continue to achieve success. Our extensive commercial real estate expertise and long-standing lender relationships have enabled our loan origination team to leverage and source these resources to offer the most aggressive loan product for our clients. Our first-class client support and owner-mentality differentiate us from the competition and help us generate loan solutions tailored to our clients' needs.www.FMCapital.com
SOURCE FM Capital
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