News: Connecticut
Posted: September 15, 2011
Vogell of Mortgage Resources arranges $712,500 acquisition loan
Fred Vogell of Mortgage Resources recently arranged a $712,500 acquisition loan for the purchase of Meriden Road Apartments for its client Ridgeview Hills LLC.
Meriden Road Apartments is a three story 24-unit brick, elevatored building constructed on approximately .55 acre of land in 1970. The unit mix consists of 15 two-bedroom, 8 one-bedroom, and 1 studio units. It features ample on-site parking and laundry facilities in the basement. The property is situated in a mixed residential/commercial area one mile east of the Waterbury CBD. It is located one half mile north of I-84.
The financing was arranged through a regional bank that provided structured financing featuring a low variable interest rate coupled with a life of loan cap and no pre-payment penalty.
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The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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