Stratton Capital Group announced the successful closing of an $18.457 million loan with All American Construction for their latest project, "River View Apartments." This multifamily development promises to transform the skyline of downtown Springfield, providing modern living spaces just in time for the upcoming housing needs in the area.

River View Apartments will feature 150 contemporary residential units designed to cater to the increasing demand for quality housing in downtown Springfield. Nestled along the scenic Riverside Park, this development will offer residents stunning views, green space, and easy access to vibrant downtown attractions.

Loan Amount: $18.457 million
Term Structure: 60 months fixed-rate term 
Interest Rate: Competitive rate of 9.79%
Use of Funds: Funds will be directed toward land acquisition, construction costs, and working capital to ensure the project’s success and timely completion.

"We are excited to partner with All American Construction on the River View Apartments project," said Lantz George, Co-CEO of Stratton Capital Group. "This development is poised to enhance the quality of living in downtown Springfield while meeting the growing housing demand. We take pride in our role in making this transformative project a reality for the community."