Austin-Based CWS Apartment Homes Gets $22.5 Mil Loan from LJ Melody for $33.1-Mil Buy

DENVER-CWS Apartment Homes of Austin has been OK'd for a $22.5-million loan in its plan to buy the Jefferson at TownCentre in Broomfield, CO. The new owner is paying slightly more than $33.1 million for the complex.

By John Rebchook | September 22, 2000 at 01:01 AM

The nonrecourse, 8% loan has a 10-year term and 30-year amortization schedule. L.J. Melody immediately has turned around and sold the loan to Fannie Mae.

CWS Apartment Homes is an entity of Newport Beach, CA-based CWS Capital Partners LLC. It owns 21 luxury multi-family complexes in CA, TX, CO and NC.

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