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Goffstown New Hampshire, Doug Nickerson, Nickerson Financial Corporation, Mashpee Massachusetts is pleased to announce the placement of a loan in the amount of $6,100,000 for the Highwood Village Apartments, on behalf the owner Merchants Highwood LLC. The multi-family property, managed by the owner, consists of 121 garden style units. The property was acquired by the owners in 1999 and they have since built a community building which includes the rental office and fitness room. |
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Doug Nickerson stated” the property is well managed and maintained and in excellent condition. The location provides good access to highway transportation and retail shopping amenities. All of which add up to a consistently high occupancy ratio.” The rate on the $6,100,000 loan is 5.46%, fixed for ten years amortized over 30 and is non- recourse. |
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