Capmark originates $23.4m.Capmark Finance Inc. (Capmark Finance) originated $23,425,000 in floating-rate debt through its Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. Capped ARM program for the refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. of Autumn Chase Apartments, a multifamily property in Ellington, Conn. The 75 percent LTV LTV See: Loan-to-value ratio loan, with a floating 4.66 percent rate capped at 7 percent, features a seven-year term with a 30-year amortization. The property, on 115 West Road, includes two parcels--the 34-building, 253-unit Autumn Chase Apartments on a 56-acre parcel and a 16-acre parcel that was purchased separately for the future development of an additional 80 rental units. Autumn Chase Apartments is currently 91 percent occupied oc·cu·py tr.v. oc·cu·pied, oc·cu·py·ing, oc·cu·pies 1. To fill up (time or space): a lecture that occupied three hours. 2. To dwell or reside in. 3. at an average monthly rent of $1,262 per unit. |
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