Henry Street Capital has arranged $1,838,000 in nonrecourse term debt to finance the acquisition of The Lofts at Cottage Hill, a multifamily property in Montgomery, AL. Kevin Sellers arranged the financing on behalf of the buyer, a private investor in New York. The interest rate is fixed for 10 years @ 5.59% with three years interest only and then 30-year amortization schedule. Financing was secured through the Fannie Mae DUS Mortgage program.
Henry Street Capital has arranged $969,964 in term debt to finance the sale of a newly constructed single tenant building in Brookport, IL. The tenant, Dollar General, recently executed a new 15-year lease. Kevin Sellers arranged the financing on behalf of the buyer, a private investor in New York. The interest rate is fixed for 7 years @ 5.80% with 10-year loan term on a 30-year amortization schedule. Financing was secured through the national single tenant lending division of a Midwest based commercial bank.