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COURTNEY MEADOWS APTS
Jacksonville, FL
The funding for the acquisition of Courtney Meadows Apartments, a class A 276 unit apartment complex in Jacksonville,
was originated by Absolut Financial Resources. AFR arranged a Fannie Mae loan. The loan was structured to meet the
borrower's needs including a senior debt of $18.9 million together with a mezzanine debt of $1.6 million. The senior
loan carries a fixed rate of 5.75% with a 10 year term which amortizes over 30 years.
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Current Interest Rates: Jul 30 2010 17:15:31 GMT
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"Committed to excellence and dedicated to delivering results since 1989,
AFR arranges and structures commercial mortgages
for income producing properties,
offering non-recourse real estate loans with attractive terms and
competitive interest rates."
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