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2004 Transactions


Tremont Arranges $1,173,000 FHA Loan for Sugar River Mill Apartments
The Boston office of Tremont Realty Capital, arranged an FHA loan for the refinancing of Sugar River Mill Apartments in Claremont, NH. The property is comprised of 162 units in 10 buildings.

David Ross, a Managing Director, and Dan Mee, Executive Director, arranged the non-recourse, $1,173,000 FHA (HUD) loan through a HUD-approved FHA loan originator. The loan carried a fixed interest rate of 5.75% for a 24-year fully-amortizing loan term. The property was originally built in 1982 and is operated as age-restricted, senior housing. The loan was closed under the FHA 223 A7 program, which allows a restructured refinance of HUD loans in situations where affordable housing reimbursements have been reduced as part of a mark-to-market adjustment.

For additional information on this transaction, please contact:

David Ross
Managing Director
Email: dross@tremontcapital.com
Phone: 617.867.0700 x773

Daniel Mee
Executive Director
Email: dmee@tremontcapital.com
Phone: 617.867.0700 x777





























 


 
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