News: Front Section
Posted: September 5, 2008
Hagwood of Capmark originates $16m loan
Capmark Finance Inc. originated $16 million in 5.96%, fixed-rate, permanent financing for the refinance of Oak Creek Village Apartments, a multifamily property. The 70% LTV loan has a nine-year term with interest-only payments for the duration of the loan. Oak Creek Village Apartments is located on 41 acres at 4230 Garrett Rd. The property comprises 25, two-story buildings, totaling 501 units.
Senior VP and manager Chad Thomas Hagwood of the Capmark Birmingham, Ala., office originated the transaction through Capmark's Freddie Mac program. The borrower was an affiliate of RCP General.
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The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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