FAYETTEVILLE, AR-Lindsey Management Co. Inc. has refinanced two of its multifamily properties located in Oklahoma for a total of nearly $36.8 million. M&T Bank, a Buffalo, N.Y.- based Fanne Mae DUS lender, provided the fixed-rate loans.
Brian Carlton, a director in HFF’s Dallas office, obtained the loans on behalf of Lindsey Management. Founded in 1985, the local company owns and operates roughly 33,000 multifamily units in Alabama, Arkansas, Kansas, Mississippi, Missouri, Nebraska, Oklahoma and Tennessee.
“We’ve done several Freddie and Fannie loans with Lindsey,” Carlton tells GlobeSt. “They’re a strong borrower. We have a steady stream of refinancings from maturing loans and taking out construction debt.”
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