CAPMARK FINANCE ARRANGES $65 MILLION LOAN FOR APARTMENTS

by admin

NEW ORLEANS — Capmark Finance has secured a $65 million loan for AVR-Saulet’s purchase of the 703-unit Saulet, an apartment complex spanning 13 acres at 1420 Annunciation St. in New Orleans. The 10-year, fixed-rate loan was provided through Capmark’s Fannie Mae DUS program. The Saulet is a Class A complex that features a three-story leasing center, four retail bays and a pool.

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