StackSource successfully placed $667,500 in permanent financing for the refinance and cash out of a multifamily portfolio in Nashville, TN. Sponsor plans to use the cash obtained to acquire additional real estate in the same region.

StackSource Capital Advisor Jaideep Chadha worked with a private equity group to obtain a 75% LTV at 4.875% on a 30-year fixed rate. The new commercial mortgage features a soft prepayment penalty (3-2-1 stepdown), no lender origination fees, and the lender paid the broker fee of 1%.