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Greystone has provided $25.24 million of Freddie Mac financing against the 240-unit Andover Park Apartments in Valparaiso, Ind., some 20 miles southeast of Gary, Ind. The loan has a 10-year term and amortizes on a 30-year schedule. Andover Park is ...
96 percent leased. Berengaria funded its purchase with a $20 million mortgage that pays a 4.645 percent coupon. The 10-year loan requires only interest payments for the first three years, then it amortizes on a 33-year schedule. It was securitized ...
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