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Welsh Capital Arranges Acquisition Financing for St. Paul Apartment Complex
July 20, 2010
Officials of Welsh Capital announced today the recent closing of a $678,750 acquisition loan for 700 Como Apartments in St. Paul, Minn.
Financing for the 17-unit apartment complex was secured with a local credit union at a fixed rate of 5.69 percent for 30 years. The loan-to-purchase price was 75 percent.
"With all the negative news, it's nice to deliver a 30-year, fully amortized loan with a coupon of 5.69 percent," said Welsh Capital Associate Lucas Goring.
