NorthMarq secured the $3.925 million external refinancing for Cordillera Townhomes in Boise, Idaho
BOISE, IDAHO (September 13, 2019) – Steve Hollister, senior vice president of NorthMarq’s Boise and San Diego regional offices, secured the external refinancing of $3,925,00 Cordillera Apartments located in Boise, Idaho, through a correspondent life insurance company for a repeat borrower. The transaction was structured on a 15-year permanent fixed loan with a 30-year amortization.
“The lender provided a very competitive rate for a 15-year fixed rate loan with a 30-year amortization. The interest rate was far superior to the competition,” said Hollister.
The Cordillera Townhomes, located at 10748 W Florence Dr, Boise, Idaho, is six residential units situated in fourteen 2-story, 4-plex buildings. All 2 bed/2 bath units with a design that provides private entrances for each unit. Common area pool. The property was completed in 2015, this asset has essentially been 100% occupied since completion.
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