$4,130,000

Chicago, IL – December 30, 2022 – Hardwell Capital announced today that it has secured a $4.13 million loan for 110,000 square feet, 100-unit multifamily building located in McAllen, TX MSA.

 

The multifamily building consists of 24 two-story structures that were constructed in 2006 The property encompasses 0.39 acres and maintains 200 open parking spaces. Construction of the multifamily building consist of wood frame with front stucco and brick on the exterior walls. The McAllen MSA continues to be a market Hardwell Capital is actively lending in.

 

“Hardwell Capital was able to keep the same monthly interest payment by structuring 5 years of interest only, while providing a cash out – specifically requested by the client,” said Mr. Streit

​

Hardwell Capital worked exclusively on behalf of their client to secure the permanent loan structured with a 10-year fixed term with 5 years of interest-only payments. The loan was placed with a correspondent agency lender.

​

The loan was originated by Edward Streit, a Principal at Hardwell Capital.

​

Contact:
Hardwell Capital
30 S. Wacker Dr. Suite 2200
Chicago, IL 60606
312-682-6590
info@hardwellcapital.com