Chestnut Realty Management Secures $13.55M Acquisition Loan For 84-Unit Multifamily Property In Scarborough

Carrier Woods Apartments is an 84-unit Class A multifamily property located at 2 Carrier Woods Road in Scarborough, Maine. The acquisition financing for this property was arranged for a total loan amount of $13,550,000. The lending was facilitated by Fannie Mae as part of a seven-year fixed-rate loan agreement.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,550,000
• Address: 2 Carrier Woods Road
• Market: Scarborough, ME
• Lender: Fannie Mae
• Landlord: Chestnut Realty Management
• Brokers: Henry Schaffer, Mike Shepard, Madeline Joyce & Hunter Cuthbertson - JLL
• Loan Type: Acquisition

JLL played a crucial role in the transaction by arranging the acquisition financing for the property on behalf of Chestnut Realty Management. The team of brokers involved in this deal included Henry Schaffer, Mike Shepard, Madeline Joyce, and Hunter Cuthbertson, representing the landlord throughout the financing process.