(To read more on the debt and equity markets and themultifamily market, click here.)
FRESH MEADOWS, NY-In the largest single-asset loan acquisitiontransaction in Fannie Mae's history, the ownership of a140-building multifamily complex here has secured a $325-millionFannie Mae DUS loan. The transaction will refinance theself-contained, 3,285-unit site.
The transaction will amortize over 30 years, after a 10-yearinterest-only period, and carries a note rate of 5.55%. Theneighborhood, which was built between 1946 and 1962, coversapproximately 124 acres.
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