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
94 percent occupied. Clear Capital financed its purchase with a $58 million Fannie Mae loan written by Arbor Commercial Funding. The 10-year loan, written under the agency's Delegated Underwriting and Servicing program, pays a rate pegged to one-month Libor plus ...
The buyer financed the purchase with a $27.1 million loan provided by Natixis Real Estate Capital that was arranged by George Smith Partners.
The property had backed a Fannie Mae adjustable-rate loan that was ultimately converted to a seven-year, fixed-rate mortgage at 4.5 percent
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© 2023 Commercial Real Estate Direct All rights reserved..