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CBRE Acquires Two Hartford Housing Complexes Via Freddie Mac Funds

November 13, 2015 | Reprints | Unlock Link | Print

CBRE Capital Markets’ business lending team has secured funding through the Freddie Mac Small Balance Lending program for the purchase of two multifamily properties in Hartford.

The package includes $4.3 million in acquisition financing.

CBRE secured a $2.2 million, interest-only loan at 80 percent LTV for Asylum Hill Apartments Huntington, located at 57-63 Huntington St. The complex includes 35 units.

A similarly structured loan for $2.1 million will go toward Asylum Hill Apartments Collins Sumner, located at 179-199 Sumner St. This complex holds 41 units.