Gomberg Lending LLC is has funded a $1.872 million cash-out refinance loan for the Three Rivers Apartments.  The subject property is a 6-building complex containing 47 apartments.
The loan included a $256,000 repair/modernation holdback which enabled the loan to close with significant deferred maintenance. The loan is fixed for ten years at a interest rate of 7.14%, and amortized over thirty years.