VIENNA, VA-The owner of Merrifield at Dunn Loring Station--aprivate partnership controlled by Malkin Properties--hassecured a $43-million, 10-year, fixed-rate refinance loan for the706-unit garden-style apartment community.
Adam Klingher, director of Johnson Capital’s MidwestMultifamily Lending office arranged the first mortgage loanthrough Prudential Johnson Apartment Capital Express,a partnership between Prudential Mortgage Capital Company andJohnson Capital to originate and service loans for Freddie MacProgram Plus.
The deal, which closed a few weeks ago, was a standardtransaction except for the fact that it was an extended earlyrate lock negotiated several months before closing in order toaccommodate the expiration
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
