389-Unit Apartment Property Opens in Morgan Hill, Calif.
April 24, 2024
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
New York Life Insurance Co. provided Cortland, of Atlanta, a $41.15 million loan for its purchase.
98 percent occupied. The property backs a $21.7 million Freddie Mac loan that was securitized through FREMF, 2012-K711, according to Trepp LLC. The loan, which pays a 3.92 percent coupon and matures in August 2019, has amortized to $20.6 million. ...
The buyer used a $13.65 million mortgage from Mercantil Commercebank for the purchase.
Walker & Dunlop provided $6.26 million of financing for the purchase.
Florida Community Bank provided $9.82 million of debt for the deal.
The buyer used a $23.8 million mortgage from an unknown lender for the purchase.
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© 2023 Commercial Real Estate Direct All rights reserved..