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FALLS CHURCH, VA-A family-owned multifamily community here has secured a $21-million refinance package from Fannie Mae’s multifamily lending program. Cassidy Turley’s Phil Mudd, Christian Miles and Jon Goldstein arranged the financing on behalf of a partnership overseen by Culmore Realty Co. ”It was a good Fannie Mae execution,” Mudd tells GlobeSt.com, at an ”attractive rate that was below 5.5%.” The property, Idylwood Village West Apartments, is a 396-unit apartment project that has been owned by the same family who developed the property in 1969, Mudd says.


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