Q10 CAPITAL LLC
Summit Falls
Lincoln, NE
$6,500,000
Apartment/Multi-Family
Permanent Financing
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