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BALTIMORE-TriStar Management has refinanced 116 Warwickshire Ln., a 352-unit apartment building in the Glen Bernie submarket, here for $14 million with GSE financing. Centerline Capital Group tapped Freddie Mac for the seven-year loan, which John Beam, a managing director in the company’s Mortgage Banking Group, tells me, which came with a very competitive rate. Also working on the transaction was Atlanta-based James Kelly and Keith Morris. Kudos go to Freddie Mac for pushing the transaction to closure in time for March 1, Beam and Kelly say. Because of the timeliness, the borrower was able to save a full month of additional interest payments. Other than that, the deal was standard fare for Freddie Mac, with both borrower and property typical of its investment criteria. “It’s a strong property, low-leverage loan, strong sponsor, and a borrower with a long track record with Freddie Mac,” Kelly says.

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