Understanding Assumable Loans

Understanding Assumable Loans An assumable loan allows a new property buyer to inherit the seller’s loan. Essentially, when a commercial property is sold, the buyer can step into the seller’s shoes and take over the existing loan. However, it’s crucial to understand that not all loans are assumable, and many come with specific conditions for…

FOR SALE: Park West Apartments

FOR SALE: Park West Apartments Park West Apartments consists of 13 buildings and 104 units, built in 1987, and currently at 98% occupancy. There are 16 one-bedroom units, and 88 two-bedroom units with an average of 894 SF. The community features a sizeable pool and lounge area, playground, laundry facilities and on-site maintenance and property…