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BUENA PARK, CA-A $3.2-million mortgage loan has been secured for a multifamily complex in Buena Park.

The financing, which has been provided by PW Funding Inc., has a loan to value of 68% and a 6.68% interest rate. Funded under Fannie Mae’s DUS program, the loan has debt service coverage of 1.30x.

The funds have been secured for the Sunrise Apartments complex in Buena Park. Built in 1977, the property is comprised of three two-story, garden-style buildings. The 56-unit complex consists of one- and two-bedroom apartments. Amenities include an outdoor pool, laundry facilities, dishwashers, garbage disposals, balconies and patios.

PW Funding is a subsidiary of Charter Municipal Mortgage Acceptance Co. Based in New York, PW Funding is a full-service direct mortgage lender specializing in the financing of conventional apartments, commercial properties, senior housing and affordable housing properties nationwide. The company offers a complete line of multifamily products, such as programs from Fannie Mae, Freddie Mac, HUD, Wall Street conduits and life insurance companies

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