)
Deal Details
Private Loan Type
Refinance
Approx. Funding Date
05/02/2022
Property Type
Multifamily
Property City
Louisville
Property State
KY
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Value
$5,700,000
Loan-to-Value
61.4%
Exit Strategy
Conventional Loan
Deal Summary
Ontario Wealth Management Corporation completed a $3,500,000 refinance secured by a 96-unit, historic apartment tower in Louisville, Kentucky. The tower is also home to a popular restaurant that is a stop on Kentucky’s BourbonTrail. The sponsor, a repeat client of our firm, is a seasoned New York-based real estate investor with substantial multifamily experience.
Funded By
Ontario Wealth Management Corporation
Direct Lender for Commercial Real Estate Bridge Loans