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
The buyer used an $18.2 million Freddie Mac loan to help fund the purchase of the property.
96 percent occupied. The sale was financed with a Freddie Mac loan through CBRE.The five-year loan requires only interest payments through its maturity.Proceeds from the property's sale paid off a $19.61 million Freddie Mac loan that was securitized through FREMF, ...
CWCapital Asset Management had been handling the property on behalf of a CMBS trust that had held a $117 million loan against the hotel. The trust, CD, 2007-CD4, took over the nine-story property through foreclosure in May 2012 from Loews ...
95 percent occupied.
95 percent occupied.
The Bascom/Oaktree team financed the purchase with a mortgage provided by Nationwide Life Insurance Co. HFF arranged the debt.
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