BEECH STREET CLOSES $15M IN LOANS FOR APT. PORTFOLIO

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BETHESDA, MD. — Bethesda-based Beech Street Capital has arranged $15 million in Fannie Mae DUS loans to refinance a four-apartment portfolio in Dallas, San Antonio, Austin and San Angelo. The apartment communities total 625 units and include Solarium Apartments in the Dallas MSA, Village Green Apartments in Austin, Encino Park Apartments in San Angelo and La Calera Apartments in San Antonio. Larry Sneathern of Beech Street's Dallas office originated the transactions. The fixed-rate loans have 10-year terms and will amortize over 30 years.

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