The nonrecourse, 8% loan has a 10-year term and 30-year amortization schedule. L.J. Melody immediately turned around and sold the loan to Fannie Mae.
CWS Apartment Homes is an entity of Newport Beach, CA-based CWS Capital Partners LLC. It owns 21 luxury multifamily complexes in California, Texas, Colorado, abnd North Carolina.
NOT FOR REPRINT
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.