Boyd Wilson Secures $19.1 Million Freddie Mac Loan For 154-Unit Dover Run Apartments

The property asset involved in this transaction is Dover Run Apartments, a multifamily community located at 2670 Springhouse Bend in Dover, PA. It comprises 154 units across 13 buildings and was built in 2019. The property was refinanced for a total loan amount of $19,100,000 under a five-year term with a 35-year amortization schedule, facilitated by Freddie Mac.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,100,000
• Units: 154
• Address: 2670 Springhouse Bend
• Market: Dover, PA
• Lender: Freddie Mac
• Landlord: Boyd Wilson
• Brokers: John Banas, Kris Wood, David Singer & Jeffrey Steigerwalt - NorthMarq
• Loan Terms: five-year term with a 35-year amortization schedule

This refinancing deal was arranged by NorthMarq, which played a crucial role in securing favorable terms for Boyd Wilson's multifamily asset. The team of brokers includes John Banas, Kris Wood, David Singer, and Jeffrey Steigerwalt, who collectively supported the transaction process, ensuring a successful outcome for the landlord.