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Westcap

Big Nerd Office

Atlanta, GA

$3,500,000

Office

Acquisition Financing

The Coste Team closed a $3,500,000 loan with a correspondent life company for a 25 year fully amortizing loan at 3.75% with six (6) three (3) year rate review periods which allows the loan to be paid down, paid off or sold without any penalty. This purchase transaction was part of a 1031 exchange complicated by the Covid-19 virus, the lender made accommodations to have certain documents signed post-closing. The certainty of execution this lender provided was evident as this loan was under application when the Covid-19 virus shutdown occurred, the lender met all of its obligations and even waived some of their requirements to ensure closing prior to the 1031 exchange deadline.

More Information, Contact

Stephan Coste

(310) 362-6134
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