Multifamily

BETHESDA, MD. — Bethesda-based Walker & Dunlop has secured $163.8 million in Freddie Mac financing for four multifamily properties in Connecticut on behalf of Principal Management Partners. The 349-unit Hoyt Bedford Apartments and 238-unit Morgan Manor Apartments are located in Stamford; Seramonte Apartments, 450 units, are located in Hamden; and Montoya Apartments, 133 units, are located in Branford. The loans each carry a 7-year term with 2 years interest-only and a 30-year amortization schedule.

ASHLAND, MASS. — Beech Street has provided a $17.8 million Fannie Mae loan for the acquisition of Chestnut Place Apartments, a six-building, 207-unit complex in Ashland. Chestnut Place was built in 1970. In the last year, property improvements have included new roofs, landscaping upgrades and a resurfaced parking area. The 10-year loan has an initial 2.5-year interest-only period followed by a 30-year amortization schedule. Mike Edelman of Beech Street originated the transaction.

COLLINGSWOOD, N.J. — Pewter Realty LLC has sold Pewter Village, an 84-unit, active-adult apartment complex in Collingswood, for $7.25 million. Located at 1058 Eldridge Ave., Pewter Village's six two-story buildings include 64 one-bedroom and 20 two-bedroom units. Tenants are age 55 and older. Joel Schwartz and Joseph Brecher of Gebroe-Hammer Associates represented the Pewter Realty in the deal. They also procured the buyer, a long-time Gebroe-Hammer client.