REBusinessOnline

TERRIX ARRANGES $26.3 MILLION LOAN

UNION CITY, CALIF. — Denver-based Terrix Financial Corp. has arranged a $26.3 million acquisition loan for the purchase of the 250-unit Greenhaven Apartments, located in Union City. The loan, which was provided by a Fannie Mae DUS Lender, includes a 10-year fixed interest rate of 5.5 percent and a 2.5 year interest only period followed by a 30-year amortization. Kevin Chadwick and Rick Oleson of Terrix arranged the loan.

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