StackSource successfully arranged financing for the acquisition of a 100% occupied, 6-unit apartment building located in the Garfield Park neighborhood of Chicago. The buyer is a Chicago based investor that owns several properties in the area, including 2 multifamily properties on the same block and is looking to build up their portfolio in the Chicago area. StackSource Capital Advisor Chris Peters arranged financing with a regional bank lender that provided a 5-year fixed rate at 3.44% with a 25-year amortization schedule and no lender fee.

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