The owners of Greenwood Cove Apartments in Lubbock, TX, had a 6-year, interest-only This was a non-recourse product, and Promenade was able to keep the lending costs down with a low interest rate and sliding scale prepayment. Replacement reserves were waived. 30 Year Amortization Waved Replacement Reserves
The owners of Whisper Wind Apartments in Fort Worth, TX, had a cash-out refinance for $1.9m worth of improvements. This was a non-recourse product, and Promenade was able to keep the lending costs down with a low interest rate and sliding scale prepayment. Replacement reserves were waived. $1.9M Cash-out refi
The owners of Premiere Gardens Apartments in Fort Worth, TX recently had a cash-out refinance for $1.8m. This was a non-recourse product, and Promenade was able to keep the costs low with low interest rate and sliding scale prepayment. $1.8M Cash-out refi
The owners of Pershing Place Apartments in Lufkin, TX recently had a cash-out refinance for $1.3m. This was a first-time Fanny Mae borrower, and as a non-recourse product, Promenade was able to keep the costs low for our client. $1.295M Cash-out refi
Boulder Bay Apartments is a gorgeous apartment complex in Amarillo, Texas. With close proximity to schools and shopping, it’s a high value asset for any portfolio. The buyers wanted to do some construction/modification so Construction Take Out was included, along with one month stabilization. This was a long-term DUS w/4 yrs interest-only to generate the …
The property owners at University Terrace Apartments wanted to secure investment capital from their commercial asset. Located just a few blocks West of the University of Texas at Arlington campus, University Terrace is very popular student housing. Our lending team secured competitive refinancing for the University Terrace Apartments, in order to meet their investment goals. By …
Three Lakes is an apartment complex within a quiet, relaxed community, nestled in a residential setting in beautiful Owasso, Oklahoma. These are unique and spacious apartments with easy access to Highway 169 that will take you the short drive to downtown Tulsa, OK and the Tulsa International Airport. The team at Promenade was able to …
Our commercial lending team closed a phenomenal high-quality apartment complex capital loan. More than $20MM was secured at 3.18% on a 35 year note. This complex has 205 executive units in premium real-estate. Our relationship with lenders ensured that this loan went through without a hitch. Absolute non-recourse, and the most competitive interest rate we …
Promenade Commercial Lending secured the funds for our client to purchase this Denver apartment complex. The complex has 64 units. The loan was 80% LTV or ~$4.5MM. The client opted for a 12-year term, with 30 year amortization. This was a non-recourse loan with no lender legal fees. Our commercial lending expertise made this deal …