Hunt Provides $35.8M in Fannie Mae Financing for Multifamily Asset in Doylestown, Pennsylvania
DOYLESTOWN, PA. — Hunt Real Estate Capital has provided a $35.8 million Fannie Mae loan for the refinancing of Center Square Towers, a mid-rise multifamily property in Doylestown, a city about 30 miles north of Philadelphia. The property consists of two buildings containing 350 units. The loan carries a 10-year term and 30-year amortization schedule with a fixed interest rate and interest-only payments for the first five years. The borrower was undisclosed.