Ready Capital Arranges $2.1M Refinancing for Multifamily Property in Tacoma, Washington

by Amy Works

TACOMA, WASH. — Ready Capital has closed $2.1 million in refinancing for an apartment building located in Tacoma. The undisclosed sponsor constructed the 10-unit, Class B asset in 2015.

The non-recourse, hybrid-rate loan features a 20-year term (seven years fixed rate and 13 years floating rate), a 30-year amortization schedule and yield maintenance prepay.

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