BEECH STREET ARRANGES $9M FANNIE MAE LOAN FOR APT. ACQUISITION

EULESS, TEXAS — Beech Street Capital has closed a $9 million Fannie Mae conventional loan for the purchase of a 384-unit apartment complex in Euless. Larry Sneathern of Beech Street's Dallas office originated the loan. The fixed-rate loan has a 10-year term with a 30-year amortization schedule.