|
Doug Nickerson, Nickerson Financial Corporation, Mashpee Massachusetts is pleased to announce the placement of a loan in the amount of $3,850,000 for the President Village Apartments |
||
|
|
Fall River Massachusetts, Doug Nickerson, Nickerson Financial Corporation, Mashpee Massachusetts is pleased to announce the placement of a loan in the amount of $3,850,000 for the President Village Apartments, on behalf the owner, President Village Company. The 120 unit multi-family property consists of spacious one, two, and three bedroom units . There are twelve two story buildings .The property is managed by First Realty Management, an affiliate of the owner. |
|
|
||
|
Doug Nickerson stated” the property is well managed and maintained and in excellent condition. The location is most advantageous to the residents; it is just twenty minutes from Providence and Newport Rhode Island and an hour from Boston. It not only has easy access to travel routes but to retail and professional centers as well. All of which add up to a consistently high occupancy ratio.”
The rate on the $3,850,000 loan is fixed for ten years amortized over 30 and is non- recourse. |
||