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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.”

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Kristen Reilley

About Mike Boyd

  • ◦Financing
  • ◦Policy/Gov't
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