REBusinessOnline

CAPMARK SECURES $13.2 MILLION MULTIFAMILY LOAN

HOUSTON — Capmark Finance has secured a $13.2 million loan for the refinancing of Briarwood Village Apartments, a 342-unit multifamily community located in the Briar Forest/Ashford submarket of Houston. Situated on approximately 13.6 acres, the property comprises 27 two-story, garden-style buildings. Unit amenities include patios or balconies, fireplaces and central air conditioning. Community amenities include a fitness center, two swimming pools and two laundry rooms. Scott Dow of Capmark’s Boston office originated the financing on behalf of the borrower, an affiliate of Boston-based Berkshire Property Advisors. The lender was Freddie Mac.

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