Melvin Park Owner LP Recapitalizes Catonsville Multifamily With $32M Freddie Mac Loan

The multifamily property located at 351 Suter Road in Catonsville, MD has undergone a recent loan transaction.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $32,000,000
• Units: 263
• Market: Catonsville, MD

The loan was obtained by the landlord, Melvin Park Owner LP, for the purpose of recapitalization. The loan amount is $32,000,000 and is a 10-year Freddie Mac loan with seven years of interest only. The brokers involved in this transaction were Matt Robbins, Mitch Sinberg, and Abigail Beauchamp from berkadia''>berkadia'>Berkadia.