Dixon Woods Community
$1,125,000 Multifamily Loan from Life Insurance Company
City: Kokomo, Indiana
Loan amount: $1,125,000
Lender type: Life Insurance Company
Property type: Multifamily
Size: 24 Units
Grady Seldin of PSRS arranged the $1,125,000 acquisition financing of a multifamily property located in Kokomo, Indiana. The subject property is comprised of 24 units across seven buildings with ample surface parking. With a traditional business plan of light renovations, marking rents to market, and bringing in professional management, the borrower will increase the ample cash flow in short order. Financed with one of our correspondent life insurance companies, PSRS closed in the tight timeline per the PSA to provide its borrower with a high-leveraged, fixed-rate deal at an attractive interest rate.