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Texas  + San Antonio  + Apartments  | 
FM Refi $62 million

$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.”


Inside The Story

Kristen Reilley

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Financing
  • ◦Policy/Gov't
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