Regions Midwest
Dec 3, 2008
Freddie Mac has purchased a $38.7 million mortgage from Holiday Fenoglio Fowler L.P., paving the way for the developer of a 612-unit Lincoln, Neb., apartment community to retire construction financing for the project. The 10-year fixed-rate mortgage was sold to Freddie Mac under the agency's Capital Markets Execution SM pilot program. The borrower, Fayetteville, Ark.-based Lindsay Management, completed construction on the 51-building property, dubbed The Links at Lincoln, in 2007.
Freddie Mac has purchased a $38.7 million mortgage from Holiday Fenoglio Fowler L.P., paving the way for the developer of a 612-unit Lincoln, Neb., apartment community to retire construction financing for the project. The 10-year fixed-rate mortgage was sold to Freddie Mac under the agency's Capital Markets Execution SM pilot program. The borrower, Fayetteville, Ark.-based Lindsay Management, completed construction on the 51-building property, dubbed The Links at Lincoln, in 2007.
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