Vaughan Place at McLean Gardens Refinanced with $93M

By GlobeSt News Hub | September 07, 2011 at 01:01 AM

WASHINGTON, DC-Capital Properties has obtained $93 million in refinancing for Vaughan Place at McLean Gardens, a mixed-use apartment complex consisting of 389 residences at 3401 W. 38th St., in Washington, DC. Walker & Dunlop Inc. provided the loan for the complex through its affiliate, Walker & Dunlop LLC.

Capital Properties bought Vaughan Place in 2007 for roughly $137.4 million. The 30-year amortization loan has a term of 10 years with 1 year interest only. For the full story, go to Commercial Property Executive .

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