BEECH STREET ARRANGES $175 MILLION MULTIFAMILY LOAN IN NYC

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NEW YORK CITY — Beech Street Capital has arranged a $175 million Fannie Mae DUS loan for the refinancing o a 490-unit, high-rise multifamily property located in New York City. The loan carries a fixed interest rate, a 10-year term with 2 years of interest-only payments and a 30-year amortization schedule. Beech Street arranged the loan on behalf of the undisclosed borrower, and Meridian Capital Group originated it.

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