The loan for the 376-unit Meadowlake Apartments, located in Downingtown, PA, was for $2 million and was a Freddie Mac Second Mortgage Loan. It has an interest rate of 7.14%, an LTV/DSC of 66%/1.7x and a 3-year term and 25-year amortization. Meadowlake Apartments Co. was the borrower.
The 188-unit Briarclff Apartments in located in Kenosha, WI. The loan for this property is a Freddie Mac Early Rate Loc loan totaled $5.8 million with an interest rate of 7.21%. The LTV/DSC was 80%/1.40 with a 10-year and 30-year amortization. Briarcliff Limited Partnership was the borrower.
Austell, GA is home to Sweetwater Creek Apartments, a 156-unit complex. The loan totaled $6.5 million with a 10-year term and 30-year amortization. TVO Realty Partners was the borrower.
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