Steven Tomares News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MCLEAN, VA - Gimbert Realty Capital has arranged a $47 million the refinance of five apartment properties. All five properties are garden-apartment buildings located Suburban Maryland and Northern Virginia. They are owned by RIMSI Corp.
Daniel Siesser of Gimbert’s McLean, VA office led the effort in arranging the refinance on behalf of the borrower. The three properties in Northern Virginia were Washington Square, Margate Manor, and Winterthur. The properties in Suburban Maryland were Hermitage Square and Queens Park Plaza. All five loans were placed with Securian Financial Group, a life insurance company based in Minnesota. “Not only were the lender’s terms ultra-competitive, but they were able to provide certain flexible features that just aren’t available from the agencies or CMBS conduits,” remarked Daniel Siesser. ....

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