The seven-year loan allows the borrower, Philadelphia-based PLM Associates Ltd., to pay interest only on two years of the loan which has an interest rate of 4.87%. Joseph Topley of Carey, Kramer & Associates Inc. originated the loan.
Green Park Financial has provided over $7 billion in financing for multifamily projects nationally since 1988. The company is a joint venture between its managing general partner, Walker & Dunlop, and AIG SunAmerica.
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