PHILADELPHIA-The Galman Group has secured $68 million in refinancing for four multifamily properties. The portfolio comprises 1,106 apartment units.
The properties include the 93-unit Sedgwick Station in Philadelphia; the 101-unit North Lane in Conshohocken, Pennsylvania; the 634-unit Castlebrook in New Castle, Delaware; and the 278-unit Buckingham Place in Newark, Delaware. Beech Street Capital arranged the financing for Jenkintown, Pennsylvania-based Galman. Loans were set to mature over the next year on different dates. For the full story, go to Philadelphia Business Journal .
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