Birches Owner LLC Secures $3 Million Freddie Mac Loan For The Birches Townhomes Refinance

The property involved in this transaction is The Birches Townhomes, a multifamily asset located at 208 34th Street East in Williston, North Dakota. This property consists of 60 units and was built in 2015. It underwent refinancing with a loan amount of $3,000,000 secured through Freddie Mac.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,000,000
• Lender: Freddie Mac
• Landlord: Birches Owner LLC
• Broker: Joshua Bernard - Bernard Financial Group
• Loan Type: Refinance

Joshua Bernard, representing Bernard Financial Group, facilitated the refinancing of The Birches Townhomes on behalf of Birches Owner LLC. The refinancing was completed on November 13, 2024, enabling the landlord to optimize their financing for this multifamily property.