STONEHAM, MA-Leisure Manor Realty Trust has received $9.5 million in permanent mortgage financing for its luxury apartment community, Leisure Lane, located on North Street Drive.

Legg Mason Real Estate Services/Spectrum Financial arranged the financing, which was provided by Freddie Mac for whom Legg Mason is an approved seller/servicer. In a released statement, Joseph Hegenbert, of Legg Mason/Spectrum, says, “Freddie Mac was able to provide extremely attractive terms which were custom tailored to meet the Borrower’s requirements. The Borrower was able to lock in a very advantageous rate utilizing the Freddie Mac Early Rate Lock Program.” In New England, Legg Mason/Spectrum Financial has originated and services over $120 million in a total of 40 apartment loans.

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