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BEECH STREET CLOSES $6.7M ACQUISTION LOAN FOR APARTMENT COMPLEX

PENSACOLA, FLA. — Beech Street Capital has provided a $6.7 million Freddie Mac CME loan for the acquisition of Meadowrun, a 200-unit, garden-style apartment community located in Pensacola. Chad Thomas Hagwood and Monica Schroeder of Beech Street originated the acquisition loan, and Brandon Pate of Beech Street managed the transaction. The seven-year loan features a fixed interest rate and a 30-year amortization schedule.

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