DEAL OF THE DAY: Quantum First Provides $7M Loan to Jackson Rental Community
- Apr 10, 2008
By Erika Schnitzer, Associate EditorJackson, Miss.–Quantum First Capital, a Dallas-based real estate finance and advisory firm, has closed a $7 million loan for the Hampton House Apartments in Jackson, Miss.The loan, based on an 80 percent LTV, five-year term with two years of interest only payment, was funded through Quantum’s relationship with Greek Park Financial through the Fannie Mae DUS program.Located at 601 Northpointe Parkway, the 164 garden-style Hampton House Apartments is spread across 10.5 acres and offers one-, two-, or three-bedroom residences with an average of 1,018 sq. ft. Amenities include washer/dryer connections, a swimming pool, tennis court and fitness center.