T-Max Lending, a real estate lending firm, announced the closing of a $25.6 million financing package for the acquisition of land and the construction of a 105-unit multifamily property in Jefferson County, Louisville, Ky. The loan is structured with a 9.5 percent interest rate and a term of four-and-a-half years.
The financing package includes the purchase of land property located in Jefferson County and the development of a state-of-the-art multifamily complex, designed to provide a modern living experience for residents. The 105-unit property will offer a mix of apartment sizes, complemented by a range of sought-after amenities, including energy-efficient features, green spaces, and easy access to transportation, schools, and local amenities.
“We are thrilled to close this deal and move forward with such an impactful project in Louisville,” said Jackson, vice president at T-Max Lending. “The 9.5 percent interest rate and four-and-a-half-year loan term reflect
