Watford City, ND
48-Unit Multifamily Property
Rate & Term Refinance

LFB successfully arranged $2,181,000 for a rate and term refinance of a garden-style apartment building in Watford City, ND. The subject property contains 48 apartment units on just over 2 acres which at the time of refinance was roughly 92% occupied. The clients approached LFB through a referral source as they needed a lender who could work around their foreign national status, lend in North Dakota, and offer a lower rate than they were currently paying. LFB arranged the capital, at a large discount to the clients previous rate, through one its close capital partners and did so in time for a year end closing. The quick year end closing allowed the client to recoup its prepaid interest for 2019 that was held by the previous lender.

More Transactions

Park Circle
Single Family
Refinance and Vertical Construction Financing
Valley Center
Howe St. Townhomes
Construction-Completion Financing
Seattle, WA
Idaho 27 BTR
Single-family BTR
Construction Financing
Kuna, ID

stay in touch

Today's Rates

This will close in 0 seconds