Regions Northeast | New Jersey
Freddie Mac Program Paves Way for $38M Refi of New Jersey Apartment Property
Aug 15, 2008

A refinancing deal valued at $38.7 million has closed for Hunters Chase Apartments, a 360-unit multifamily community in Evesham, N.J.  Acting on behalf of Hunters Chase Associates L.L.C., Capmark Finance Inc. originated the permanent fixed-rate debt, which came in the form of an 80 percent LTV loan with a seven-year term and a 30-year amortization through its Freddie Mac program. Developed in 1988, Hunters Chase sits about an hour-and-a-half from New York City. The apartment complex, presently 88 occupied, consists of garden-style structures, and features a 3,500-square-foot community center.

 
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