Campus Park Housing

Property Name: Campus Park Housing
Location: Idaho Falls, Idaho
Property Type: Apartment/Multi-Family
Transaction Type: Refinance
Loan Amount: $7,600,000
Details: This property was somewhat unique in that Phase I of the project (48 units) were 6-bedroom student housing units and Phase II of the project (72 units) were 2 bedroom, traditional apartment units.  The borrowers were paying off two separate notes and were looking to combine the debt into one loan.  The lender offered the borrowers one note on both phases with a 10-year term and 25-year amortization at a competitive interest rate.  
More Info: John Gottschall at 801-323-1023 or contact me