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EDGEWOOD, MD-Multi-Properties Inc will take title to Edgewood Park Apartments through a $6-million financing deal. Edgewood Park Associates LP was the seller.

Meridian Capital's Matthew Texler and Jacob Katz helped secure the funding, which came in the form of a loan with a 5.6% interest over a 10-year term, from an unidentified lender. Developed in 1967, Edgewood Park sits within close proximity to I-95 at 611 Edgewood Rd.

The garden-style multifamily community consists of 12 three-story structures on a 44-acre parcel. The exact purchase price of the complex has not been disclosed; however, the 132-unit property, according to Harford County real estate records, has a current assessed value of about $1.3 million.