REBusinessOnline

LASALLE PARK RECEIVES $29.1M IN REFINANCING

HYATTSVILLE, MD. — Bethesda, Md.-based Beech Street Capital LLC has provided a $29.1 million Fannie Mae conventional loan with a 10-year term to refinance the 354-unit LaSalle Park, a garden-style multifamily property in Hyattsville. Barry Lefkowitz and Shimshie Tepper originated the transaction for New York-based Meridian Capital Group LLC, which has owned the property since 1986. LaSalle Park was built in 1963 and renovations were made in 2008. The property is 98 percent occupied.

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