Aline Capital is pleased to announce the closing of the acquisition financing of a 208-unit multifamily property in Atlanta, GA. The deal was sourced out of foreclosure at a substantial discount to the prior owner’s basis. Aline sourced a 7-year Agency floater that priced 200 basis points over SOFR. This loan included 3-years of interest only payments and a 1% prepay penalty after 12 months. Congrats to our client on a great acquisition and thank you to everyone that helped make this transaction a success!
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