BETHESDA, MD, Feb. 21, 2012 – Beech Street Capital, LLC announced today that it has provided a $3.36 million Freddie Mac CME loan for the acquisition of Blackberry Creek Apartments (top left photo), a 69-unit townhouse-style multifamily apartment community in Soddy Daisy, Tennessee.
The transaction was originated by Chad Thomas Hagwood (lower right photo, executive vice president based out of Beech Street’s Birmingham, Alabama office.
Blackberry Creek Apartments is located in close proximity to the Chattanooga central business district and as of December, is 100% occupied. Constructed in 2006 and 2007, the property consists of 12 two-story apartment buildings on over eight-acres. Amenities include private patios and a leasing center.
Beech Street Capital, LLC is a mortgage banking company engaged in originating, underwriting, closing, and servicing high-quality multifamily mortgage loans for existing and proposed apartment buildings and manufactured home communities throughout the United States.
Contacts: Courtney Lewis at 240-507-1948 or Jenifer Bernardi at 240-507-1946.
http://www.beechstcap.com/
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