Wednesday, March 4, 2009
NBS Financial Secures $3.7M for Edmonds Apartments
Fairway Apartments - Edmonds, Washington
$3,700,000 loan
38-unit apartment community
Unique loan feature: No prepayment penalty
70% loan-to-value - 1.20 debt service coverage ratio
Financed by Erich Guenther of NBS Financial's Seattle office
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NBS Financial Secures $3.7M for Edmonds Apartments
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