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Brokerage
Posted: January 13, 2012
Deerwood Real Estate Capital closes on two loans totaling $8.21 million
Deerwood Real Estate Capital has closed on two loans totaling $8.21 million. The deals include:
* A $2.36 million loan for a 43-unit apartment building. The loan provided the borrower with 75% LTP. The loan came with a 7-year term with a 30-year amortization and was arranged by Abe Katz and Mark Silbersher.
* A $5.85 million loan for a 98-unit apartment building in eastern Pa. The loan provided the borrower with 75% LTV to refinance the existing loan at a very competitive rate for a 5-year term with a 30-year amortization. The loan was arranged by Russell Kimyagarov and Joe Hercenberg.
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