Arbors & Trinity Lakes Apartments

Property Name: Arbors & Trinity Lakes Apartments
Location: Memphis, TN
Property Type: Apartment/Multi-Family
Transaction Type: First Mortgage
Loan Amount: $21,000,000
Details: Houlihan-Parnes, Realtors, LLC is pleased to announce the closing of two new first mortgages in the amount of $15,000,000 and $21,000,000. The ten year loans have a fixed interest rate of 4.85% with three years interest only. The two properties are located in Memphis, Tennessee and total 960 units. Built in 1985, the properties occupancies are 95%. Fred Stahl and Sheldon Stahl handled the loans for Houlihan-Parnes Realtors, LLC.
More Info: Fred & Sheldon Stahl at 914-694-6070 or contact me