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Aimco Gets $89M in Financing

BOSTON-Berkshire Mortgage Finance secures $88.6 million in Freddie Mac and Fannie Mae financing for 10 properties for Apartment Investment and Management Co. The apartment complexes total over 2,000 units and are located in cities throughout the country.

By Naomi Grossman | Updated on April 15, 2004

BOSTON-Berkshire Mortgage Finance secured $88.6 million in Freddie Mac and Fannie Mae financing for 10 properties for Denver-based Apartment Investment and Management Co.The apartment complexes total more than 2,000 units and are located in cities throughout the country. Nine of the properties were financed through Freddie Mac; one was financed through Fannie Mae. The individual loans range in size from $3.8 million to $23.4 million.

According to Sara Scarborough Graham, a spokesperson for Berkshire, the deals involved refinancing for each of the locations. She tells GlobeSt.com that the locations of the properties are: Westchester, PA; Zionsville, IN; Charlottesville, SC; Alpharetta, GA; Lansing, MI; Oceanside, CA; Annandale, VA; Columbus, OH; and San Antonio.

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