521 Unit Apartment Complex, Peabody, MA

521 Unit Apartment Complex, Peabody, MA transaction image

{  Peabody, MA  }

$30,900,000

Insurance Company

LTV: 60%

Cornerstone placed $30,900,000 for the refinancing of a 521-unit apartment complex which sits on an approximately34-acre site in Peabody, MA. A national insurance company provided a low fixed rate interest only loan at 60% LTV.