ASPEN HEIGHTS APTS
Watford City, ND
$2,181,000
48-Unit Multifamily Property
Rate & Term Refinance

LFB successfully arranged $2,181,000 for a rate and term refinance of a garden-style apartment building in Watford City, ND. The subject property contains 48 apartment units on just over 2 acres which at the time of refinance was roughly 92% occupied. The clients approached LFB through a referral source as they needed a lender who could work around their foreign national status, lend in North Dakota, and offer a lower rate than they were currently paying. LFB arranged the capital, at a large discount to the clients previous rate, through one its close capital partners and did so in time for a year end closing. The quick year end closing allowed the client to recoup its prepaid interest for 2019 that was held by the previous lender.

More Transactions

Hilltop Phase 2
$19,222,130
Single-family Residential Project
Refinance and Vertical Financing
San Diego, CA
CalTier SD
$600,000
Short-Term Condo
Short-term Rental Refinance
San Diego, CA
Twin Rivers
$10,941,195
Single-family Residential Project
Development and Construction Financing
Covington, GA
LFB_Icon_Bird_Color

stay in touch

Today's Rates


This will close in 0 seconds