GREENVILLE, SC – Capstone Capital is thrilled to announce the placement of acquisition financing for Hawks Landing Apartments located in Greenville, SC on March 3, 2016. This apartment community has a total of 353 units and consists of 1, 2 and 3 bedroom units. This owner has a diverse background in commercial real estate and has utilized Capstone Capital to obtain financing for his various acquisitions.
The property was purchased for $13,414,000 or $38,000 per door. After shopping the asset amongst over 35 lenders, the borrower chose Fannie Mae debt. This program allotted him $10,010,000 in loan dollars. The borrower locked at a 3.88% floating interest for the 7 year term rate with a 30 year amortization.
“We value this client greatly and worked hard to find him suitable financing,” said Jackson Howard. Mr. Howard is the President of Capstone Capital and represented the borrower throughout the completion of this financing.
About Capstone Capital: Since 2007, we have closed over 115 commercial loans for over $1 billion in loan volume. With offices in Nashville, Tennessee and Fayetteville, North Carolina, we close loans throughout the Southeast. We put our best resources in competition to secure the best loan for our clients. Then we go the extra mile, because this business is about more than a great mortgage rate. We’re thorough, we’re involved, and we take the pressure off of our clients. Our packages get prompt attention from lenders because they’re detailed and transparent, ensuring a smooth, no-surprises process for all. It’s the reason 80% of our business is repeat customers. Our team prides itself on being involved, thorough and focused on customer service so as to ensure that the process can be as seamless for the borrower as possible. To learn more please visit www.cscap.us.