REBusinessOnline

$12 MILLION LOAN SECURED FOR HATTIESBURG APARTMENTS

HATTIESBURG, MISS. — Chad Thomas Haywood of Capmark Finance’s Birmingham, Ala., office has originated $12.3 million in permanent, fixed-rate debt financing for the 164-unit Belmont of Hattiesburg Apartments, located at 147 98 Place Blvd. in Hattiesburg. An affiliate of Mississippi-based Dawn Properties borrowed the 7-year loan, which comes with a 30-year amortization and a fixed rate of 5.8 percent. The loan was financed through Capmark’s Freddie Mac multifamily program.

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