Capmark Finance Inc. originates $19.5 million in acquisition financing

December 31, 2008 - Front Section
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.

New England Real Estate Journal • 17 Accord Park Drive #207, Norwell MA 02061 • (781) 878-4540 • Contact