New Year, 2 milestones!!!
发表于 : 2015-02-20 19:30
one day, 2 major milestones for our company!!!
Autumnwoods Apartments, now 11 months into operation, we bought this property as REO in March 2014, renovated, improved its occupancy to above 95% and it is appraised for 4.4 million. Today we completed its cash our refi with a non-recourse loan, this is our first commercial refi and we took it very conservatively, only 45% loan to value.
Towne Terrace Apartments, this be our 10th group project, I am hoping it will achieve 90% occupancy within next 6 month.
Happy New Chinese New Years to all my friends!!!
Autumnwoods Apartments, now 11 months into operation, we bought this property as REO in March 2014, renovated, improved its occupancy to above 95% and it is appraised for 4.4 million. Today we completed its cash our refi with a non-recourse loan, this is our first commercial refi and we took it very conservatively, only 45% loan to value.
Towne Terrace Apartments, this be our 10th group project, I am hoping it will achieve 90% occupancy within next 6 month.
Happy New Chinese New Years to all my friends!!!