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.

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