Parc Central: HUD 223(f) refinance

McBride Capital recently closed the refinance of Parc Central in Vacouver, WA. The 151-unit multifamily property was refinanced utilizing the HUD 223(f) loan platform. The loan features a rate that is locked below 4.0% for a 35-year fully amortizing term. The loan also returned a significant amount of equity back to our client.

Parc Central was built in 1972 and extensively renovated between 2015 and 2017, allowing it to qualify for Green Energy Certification and a reduced MIP of 0.25%. The client has been a client of McBride Capital for more than a decade and we enjoy a close relationship with their team, making the HUD process significantly easier.

The loan was originated by Ken McBride and Sabrina Snow.

#HUD223f #LoanClosing #ApartmentMultiFamily

Featured Posts
Recent Posts
Archive
Search By Tags
No tags yet.
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

5335 Meadows Road Suite 250 Lake Oswego OR 97035

503 624 5800

©2020 Copyright McBride Capital LLC. All Rights Reserved

MEMBER