Larew Doyle & Associates secures $12.9 million first mortgage loan

Appleton Oaks Apartments - Hampton, NH

Hampton, 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.