Aerial view of The Landings apartment community featuring multiple residential buildings, parking areas, landscaped grounds, mature trees, and a nearby road.
Loan Amount
$6,550,000
Financing Type
Regional Bank
Property Type
Multifamily
Sylacauga, AL

Refinance Permanent Loan

Elowen Capital arranged a $6,550,000 5-year fixed-rate permanent loan through a regional bank to refinance an 80-unit multifamily property located in Sylacauga, AL. The loan refinanced an existing interest-only bridge loan, provided a return of capital to investors, and supplied future funding for capital improvements.