Select Commercial Closes Apartment Loan of $1,500,000
Select Commercial Funding LLC, a leading nationwide commercial mortgage brokerage company, is pleased to announce the closing of a $1,500,000 Apartment Loan, for the refinance of a multifamily (garden/low-rise) apartment property totaling 38 units on a 1.01 acre site located at 725, 730, and 760 K Street in Idaho Falls, Idaho. The site consists of two non-contiguous parcels. The improvements were built in 1976 (730 and 760 K Street) and 1974 (725 K Street) and are in average condition and have a remaining economic life of 30 years. Buildings 730 and 760 are 3-story while the 725 building is 2-story. The property contains 31,368 square feet of net rentable area and the average apartment size is 825 square feet. [...]