Aerial drone view of an apartment community featuring residential buildings, parking areas, green spaces, and pickleball courts.
Loan Amount
$14,706,000
Financing Type
Agency Lending
Property Type
Multifamily
Hoover, AL

Refinance Permanent Loan

Elowen Capital arranged a 7-year fixed rate loan through a Fannie Mae DUS lender for the refinance of a 179-unit multifamily property located in Hoover, AL. The loan refinanced an existing interest only bridge loan, provided a return of capital to investors, and supplied future funding for the build out of 5 additional units.