The Freddie Mac Small Balance Loan package is for 47 Bailey Real Estate properties in the Southeast and Northeast sections of Washington, DC.
WASHINGTON, DC—Locally-based Bailey Real Estate Holdings, LLC has closed on a $35-million Freddie Mac Small Balance Loan package for a portfolio of 47 multifamily properties here.
CBRE Capital Markets secured the Freddie Mac financing for the properties that feature a total of 359 units located in the growing Southeast and Northeast sections of Washington, DC. Freddie Mac officials say that the deal is the largest ever in the GSE's Southeast region for its Small Balance Loan program.
Colin Loehr of CBRE Capital Market's Debt and Structured Finance team, based in the Baltimore office, arranged the financing deal that included individual loan values ranging from $4.35 million up to $6.75 million.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
