Capmark Finance Inc. originates $19.5 million in acquisition financing

Capmark Finance Inc. originated $19.5 million in fixed-rate debt for the acquisition of Stonecrest Apartments, a multifamily property through its Fannie Mae DUS program. The fixed-rate loan features a seven-year term with a 30-year amortization. Located on 26.5 acres at One Stonecrest Dr., Stonecrest Apartments consists of 315 one, two and three-bedroom units. Senior vice president Warren Higgins of Capmark's Horsham, office originated the transaction for borrower Rodman Properties.

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Island Associates negotiates lease extension for 2,160 s/f restaurant operated by Beef O’ Brady Bar and Grill at Lake Harris Square

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