Reilly's office here closed the following loans: $3.45 million for Highland Hills Apartments, Upland CA, 64 units, under Fannie Mae with 7.45% interest, 10-year term and 30-year amortization; $4.7 million for Portico Terrace Apartments, Seattle WA, 47 units under Fannie Mae's "5-50" program, 7.63% interest, 10-year term and 30-year amortization; $5.7 million for Robert Gardens Apartments, Queensbury, NY, 7.49% under Fannie Mae, 10-year term and 20-year amortization; $11 million for Waters Landing, Germantown, MD, construction interest of 6.27% and permanent interest of 6.9%, 10-year term and 30-year amortization.
Reilly's Philadelphia office originated the following loans: Hatfield Village Apartments, Hatfield, PA, 40 units, $35 million under Fannie Mae, 7.615% interest, 10-year term, 30-year amortization; and Cimarron Apartments, Jacksonville, FL, 143 units, $2.08 million, under Fannie Mae, no interest rate listed, 10-year term and 30-year amortization.
Reilly's Chicago office originated the following loans: Legends of Wildcat Creek Apartments, Kokomo, IN, 200 units, loan amount $9,689,000, under the Freddie Mac early rate lock program, 8.02% interest, 10-year term with 30-year amortization; Timber Ridge Apartments, Oak Creek, WI, 322 units, $12.2 million under Fannie Mae, 7.66% interest; Governours Square Apartments, Columbus, OH, 820 units, $29 million under the Freddie Mac early rate lock program, 7.87% interest, 10-year term with 30-year amortization, closed with United Dominion Realty Trust; and Shagbark Apartments, Kenosha, WI, 328 units, $2.95 million, under Freddie Mac's second loan program, interest rate 7.88%.
The company's San Francisco office originated a $1.95 million loan for El Chaparral Apartments, Reno, NV, 80 units, under Fannie Mae, 7.4% interest, 10-year term and 30-year amortization. Reilly's New York City office closed a $2 million loan for 101-105 Charles St., New York, NY, under Fannie Mae's "5-50" program, with a 7.52% interest rate, 15-year term and 30-year amortization.
Reilly Mortgage Group, is a national lender specializing in FHA, Fannie Mae, Freddie Mac, and commercial mortgage loans. The company originated over $1 billion multifamily loans last year, and services a mortgage loan portfolio in excess of $10.5 billion. The company is headquartered in McLean, Virginia with regional offices in New York, NY; Philadelphia, PA; Chicago, IL; Dallas, TX; San Francisco and San Diego CA; and Knoxville, TN.
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