Dwight Capital has written a $37 million loan under the U.S. Department of Housing and Urban Development's 223(f) program for the 256-unit Village at Baker Creek apartment property in Bellingham, Wash. The loan allowed the property's owner, a group led ...
fully leased.
96 percent occupied. Wolff used a $41.3 million Fannie Mae loan written by PNC Bank to help fund the purchase. The seven-year loan pays a coupon of 3.475 percent and requires only interest payments for the first three years, after ...
fully leased. The buyer, a King of Prussia, Pa., REIT, assumed a $22.4 million mortgage and funded the rest of the purchase price with cash proceeds from a property sale as well as borrowings under a revolving line of credit. ...
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