Liberty Lending, LLC, recently placed a $3 4 million first mortgage for Amber Park Apartments located in the SE Texas Gulf Coast Region, Groves, TX
Released on = July 26, 2007, 5:53 pm
Press Release Author = Steve Hakes
Industry = Financial
Press Release Summary = Amber Park Apartments is a 160 unit, two story apartment property, is being constructed in the SE Texas Gulf Coast Region, Groves, TX.
Press Release Body = Grapevine, TX..--(BUSINESS WIRE)-- July 26, 2007
Liberty Lending, LLC, recently placed a $3.4 million first mortgage for Amber Park Apartments located in the SE Texas Gulf Coast Region, Groves, TX.
Amber Park Apartments is a 160 unit, two story apartment property. The loan was full recourse loan without defeasance and is fully assumable. Pre-payment penalty is a fixed percentage that declines each year over 5 years. The interest rate was locked in at 7.11 percent with a term of a fixed rate for 5 years with no balloon, the rate adjusts to the 6 month LIBOR plus 250 bps after 60 months. Amortization is based on a thirty (30) year schedule. The borrower is a private investor based in Texas. \"We are very pleased to be able to facilitate the refinance of Amber Park Apartments, and maximizing their investment. It was a pleasure working with Sabine Tile of Groves, TX in another successful closing,\" said Dana Hakes, Vice President of Liberty Lending.
Liberty Lending is a mortgage banker headquartered located in Grapevine, Texas. We have strong, well established relationships with over 150 national resources. Our extensive lender network allows us the flexibility and the broad range of options necessary to tailor loans that fit our customers\' specific needs. Liberty Lending target loan types include, nationwide commercial loans ranging from $500,000 to $50,000,000 on multi-family, mobile home communities, self storage, mixed use, office, retail, and industrial properties.
Questions regarding this news release can be directed to;
Steve Hakes Website http://www.libertylendingdirect.com/ Executive Managing Director Liberty Lending, LLC 817-749-7474 x114
Web Site = http://www.libertylendingdirect.com/
Contact Details = Steve Hakes Liberty Lending, LLC 817-749-7474 x114 2260 Pool Road, Suite 300 Grapevine, TX 76051 Phone: (817) 749-7474