Beech Street Capital recently provided a $4.3 million Fannie Mae DUS loan to refinance Eaglecrest Apartments in Galloway, Ohio.
The transaction closed in 32 days from the receipt of the application.
Joel Mazur from Beech Street was the originator on the deal.
Built in 1993, the 10-buiding two-story garden-style apartment complex totals 160 units. Eaglecreast Apartments is located close to Columbus and The Ohio State University.
The fixed-rate loan has a 10-year term with nine-and-a-half years of yield maintenance. It also has a 30-year amortization schedule on an actual/360 basis.
