Apartment Transaction Examples - Mill Plain Court
This property offered a challenge to the buyer due to an above market interest rate loan that had to be assumed because of an onerous prepayment penalty. The property was newer and located in a favorable part of Vancouver, Washington. The area had seen numerous new retail centers and office buildings constructed in the past five years, giving the area strong curb appeal. The buyer refinanced a property and purchased this apartment investment for a long term hold. The client was a repeat customer.