(Read more on the debt and equity markets andthe multifamilymarket .)
CHICAGO-Newcastle Ltd., based here, has secured $21.9 million infinancing for a multifamily portfolio. The 11-property portfoliohas a total of 439 apartment units, says Cohen Financial partnerSteve Roth, who originated the transaction.
The term of the loan is 10 years and the loan-to-value is 60%,Roth tells GlobeSt.com. The interest rate was not disclosed. Thelender is a national life insurance company.
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