Arrowpoint Properties Secures $22.86M Fannie Mae Loan For 104-Unit MultiFamily In Lawrence MA

The asset involved in this transaction is a multifamily property comprising 104 units, located at 112 Marston Street and 114 Marston Street in Lawrence, Massachusetts. The loan amount secured for this acquisition was $22,855,000. The property serves as an affordable housing community.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $22,855,000
• Lender: Fannie Mae
• Landlord: David Lamattina - Arrowpoint Properties
• Brokers: Jeff Munoz, Kevin Sykes & Edward Riekstins - NorthMarq
• Loan Type: Acquisition

NorthMarq facilitated the financing arrangement, securing $22.855 million in Fannie Mae DUS acquisition financing for the aforementioned asset on behalf of Arrowpoint Properties. This transaction showcases the collaboration between the brokerage and the landlord in advancing affordable housing initiatives.