$62 Million Refi for Six Sunbelt Multifamily Properties
CBRE has secured a $62.1 million loan for the refinancing of a six-property portfolio located in Austin, San Antonio and South Carolina. The loan is a 10-year, full-term, interest only Fannie Mae sponsored loan. Churchill Forge Properties has owned the properties for 25 years. These Fannie Mae loans must be focused on certain affordable and underserved market segments.
CBRE’s Kristen Reilley says the government-sponsored loan serves a valuable purpose, “These properties not only fit well within the mission-driven charter that Fannie Mae looks for in their loans but also provides housing in these markets that are much needed.”
Apartment buildings for sale
Check out the latest properties available on apartmentbuildings.com
Rabon Chapel Apartments
Montgomery, TXTexas + Apartments
Learn MoreListing Status: Available Listing Type: Highest & best offer Price: $1,800,000 No. of Units: 16 Cap Rate: 7.17 Opportunity Zone: No Price per unit: $112,500 
McAllen Portfolio
McAllen, TXTexas + Apartments
Learn MoreListing Status: Available Listing Type: Call for offers Price: $24,000,000 No. of Units: 279 Average Occupancy: 5.31 Lot Size: 229095 Acres Opportunity Zone: No Price per unit: $86,021
- ◦Financing
- ◦Policy/Gov't
