Freddie Mac Provides $101.6M Acquisition Loan For New York Multifamily Property

Harbor Group International, a real estate investment firm, has secured a loan of $101,586,000 for the acquisition of a multifamily property in New York. The loan was provided by Freddie Mac, a government-sponsored mortgage company.

Summary of Transaction Details:

• Property Type: Multifamily
• Loan Amount: $101,586,000
• Loan Type: Acquisition
• Loan Terms: Sourced Debt & JV Equity | Freddie Mac Execution | 10yr Term | Fixed Rate | T+136 | Full Term IO

The loan was sourced through debt and joint venture equity, with Freddie Mac executing the loan agreement. It features a 10-year term with a fixed interest rate. The loan carries an interest rate spread of T+136 basis points and offers full term interest-only payments.

The deal was facilitated by Newmark, a prominent brokerage firm, with Matthew Mense, Ari Schwartzbard, Henry Stimler, William Weber, Ricky Warner, and Daniel Sarsfield representing both the buyer and the seller in the transaction.