We are thrilled to announce that cash-out refinance of Valencia at Medical Apartments at a fixed agency interest rate of 4.93%. This is a fantastic achievement that we are extremely proud of and we cannot wait to share this news with you.
Over the past three years, we have worked tirelessly to increase the Net Operating Income (NOI) of the property by $1 million, which is a staggering 78% increase. This is a testament to our team’s dedication and expertise in value-add, and we are thrilled to see such fantastic results.
This particular refinance was particularly tricky, given the market volatility and our tight timeline before the new appraisal value came out. However, thanks to the hard work of our team and the support of our partners, we were able to successfully navigate these challenges and achieve this incredible outcome.
Finally, we would like to extend our congratulations to our investors. This $32M deal was found through leveraging relationships with the Multifamily Investors Facebook Group.
Congratulations to Valencia Investors. Thank you for your continued support and trust in Achieve Investment Group. We look forward to sharing more exciting news with you in the future.
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