PENNSYLVANIA APARTMENT PORTFOLIO RECEIVES $12.58M IN FINANCING

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HATBORO AND AMBLER, PA. — Beech Street Capital has provided $12.58 million in financing for a package of apartment buildings including Wellington 2529, Livingstone Apartments and Oak Terrace Apartments, all in Hatboro, and Longford Apartments in Ambler. In all, the communities total 225 units, and Longford Apartments was financed through a separate loan. The fixed-rate Fannie Mae DUS loans have 10-year terms, and were originated by Meridian Capital Group.

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