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CBRE Arranges Refi on Battle Creek Apartments
CBRE recently structured a $2,310,000 loan to refinance the Hidden Lane Apartments in Battle Creek, MI. A Freddie Mac Small Balance Loan was obtained by Jason Brown and Sam Orman of CBRE Capital Markets’ Debt & Structured Finance team, on behalf of client Twins Real Estate.
The 10-year loan is amortized over 30 years, has a fixed rate of 4.13% with two years interest-only. The financing has a 70% loan-to-value ratio.
The property at 612 Garrison Ave. contains 77 units across three apartment buildings and two townhome buildings. The property is located two blocks from Kellogg Community College, three minutes from Federal Center, a block from Lienar Path and close to Bailey Park.
“This refinance allowed the borrower to capture the value they created after finishing up unit and exterior renovations,” said Brown. “Additionally, we were pleased the loan provided a non-recourse solution for the client.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing

