Description:  Luxury Apartments

Location:  Madison, Wisconsin

Unit Mix:  240 Garden Apartments with Underground Parking in 3 Phases

Loan Amount:  $16,800,000

Type:  Construction/Mini-Perm

Construction:  12 Months/Interest Only

Rate:  150 Basis Points Over Prime

Option:  Mini-Perm/60 Months

Amortization:  30 Years

Loan To Value:  80%

Rate:  175 Basis Points Over 5 Year Treasury

Prepayment Terms:  

Description:  Garden Apartments

Location:  Oak Creek, Wisconsin

Unit Mix:  216 Garden Apartments

Loan Amount:  $13,800,000

Type:  Construction/Mini-Perm

Construction:  24 Months/Interest Only

Rate:  150 Basis Points Over Prime

Option:  Mini-Perm/36 Months

Amortization:  25 Years

Loan To Value:  75%

Rate:  125 Basis Points Over Prime

Prepayment Terms:  No Prepayment Penalty