Cornerstone Realty Capital Arranges $5.7M Acquisition Financing for Apartment Community in New Hampshire
SALEM, N.H. — Cornerstone Realty Capital has arranged a $5.7 million acquisition loan for Rosewood apartments, a 42-unit multifamily complex in Salem. Located in Rockingham County, the property consists of seven, two-story buildings situated in a cul-de-sac setting on a private lot. The property is approximately 30 miles north of Boston. Patrick Brady of Cornerstone Realty Capital secured the financing on behalf of the undisclosed borrower. The lender was also undisclosed. Terms of the financing included four years of interest-only payments.