BOSSIER CITY, LA-Beech Street Capital LLC has made its firstpermanent loan in Louisiana, providing $28 million to The GoodCompanies to refinance its Villagio mixed-use project here.
“As a new lender, this was our first financing in Louisiana,”says Jeff Lee, executive vice president of Bethesda, MD-based BeechStreet Capital. “We had to get familiar with the market, and wewanted to pick a quality asset with a quality sponsor.”
Beech Street's Cheryl Higley in its Dallas office sourced andoriginated the Fannie Mae DUS loan. The 10-year, fixed rate loanhas a 70% LTV, a sub-5% interest rate and a 30-yearamortization.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
