JOHNSON CAPITAL ARRANGES $55 MILLION LOAN FOR MARYLAND COMPLEX

by admin

CROFTON, MD. — Martin Fayer of Johnson Capital’s Washington, D.C., office has arranged a loan for the 406-unit Keswick Park Apartments, located at 1623 Parkridge Circle in Crofton, for $55 million. Freddie Mac financed the 7-year loan that comes with an interest rate of 6.11 percent. A 30-year amortization kicks in after the first 4 years. The complex is 95 percent occupied and features a swimming pool, outdoor whirlpool and volleyball and racquetball courts.

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