News: Northern New England
Posted: April 1, 2016
Larew Doyle & Associates secures $12.9 million first mortgage loan
Appleton Oaks Apartments - Hampton, NHHampton, NH Larew Doyle & Associates’ Providence office secured a $12.9 million first mortgage loan for Appleton Oaks Apartments, a 113-unit, age restricted apartment complex.
This fixed-rate, non-recourse loan was placed with one of Larew Doyle & Associates’ correspondent life insurance companies - CMFG Life Insurance Company. The loan’s “sub 4%” interest rate is fixed for 15 years, is assumable and permits future secondary financing. They were able to provide their client with long-term interest rate protection on this highly successful residential property.
Larew Doyle & Associates, Inc. provides its clients with access and representation to the real estate debt and equity capital markets.
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