Summit Falls

Property Name: Summit Falls
Location: Lincoln, NE
Property Type: Apartment/Multi-Family
Transaction Type: Permanent Financing
Loan Amount: $6,500,000
Details: Bob Chalupa, Sr. Vice President of Q10 | Daisley Ruff Financial, arranged for $6,500,000 in permanent financing for Phase I of Summit Falls Apartments in Lincoln, Nebraska. Phase I consisted of three 30-unit buildings with a clubhouse. The loan featured: •A 15 year fixed rate with a 30 year amortization •Provision for secondary financing •Assumable •No reserves or escrows required •True non-recourse debt with no personal liability for typical carve-outs •Transferability of individual partnership interests within the borrowing entity
More Info: Bob Chalupa at 402-384-5223 or contact me