PARK EDGE APTS REFINANCED IN MASS.

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SPRINGFIELD, MASS. — CB Richard Ellis (CBRE) Capital Markets has arranged a $5.75 million permanent loan to refinance Park Edge Apartments in Springfield. The community was constructed in 1962 and contains 93 units. The fixed-rate loan, which was provided by Middletown, Conn.-based Liberty Bank carries a 10-year term with a 25-year amortization schedule and a fixed interest rate. Mike Riccio and Susan Larkin of CBRE Capital Markets' Hartford, Conn., office arranged the financing.

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