{"id":1004045590,"date":"2012-08-14T08:42:41","date_gmt":"2012-08-14T16:42:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004044409"},"modified":"2022-12-08T12:31:21","modified_gmt":"2022-12-08T20:31:21","slug":"beech-street-closed-371m-loan-package-for-5517-unit-m-f-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/beech-street-closed-371m-loan-package-for-5517-unit-m-f-portfolio\/","title":{"rendered":"Beech Street Closes $371M Loan Package for 5,517-Unit M-F Portfolio"},"content":{"rendered":"<p><a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/mid-atlantic\/beech-street-closed-371m-loan-package-for-5517-unit-m-f-portfolio\/1004044409.html\/attachment\/beech-st\" rel=\"attachment wp-att-1004044411\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004044411\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/now-open-2017-leading-real-estate-law-firms-survey\/ranking_art_generic-300x168-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/06\/ranking_art_generic-300x168.jpg\" data-orig-size=\"300,168\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"ranking_art_generic-300&#215;168\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/06\/ranking_art_generic-300x168.jpg?w=300\" class=\"alignleft  wp-image-1004044411\" title=\"beech st\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/08\/beech-st.jpg\" alt=\"\" width=\"294\" height=\"149\" \/><\/a>By Barbra Murray, Contributing Editor<\/p>\n<p>With the assistance of Beech Street Capital Inc., a 5,517-unit apartment portfolio in Maryland has been re-capitalized to the tune of $371 million. Relying on its correspondent relationship with Meridian Capital Group L.L.C., originator of the financing, Beech Street provided the funding to the Kushner Cos. and Rockpoint Group.<\/p>\n<p>The financing came in the form of Freddie Mac Capital Markets Execution loans featuring ten-year terms and fixed rates. As a result of the recapitalization of the garden-style complexes and townhome communities, Kushner now owns a 25 percent stake in the assets, which are located in Baltimore County suburban Washington, D.C.&#8217;s Prince George&#8217;s County. With funds in hand, Kushner and Rockpoint are able to pay off existing debt on the portfolio, which will be managed by Kushner affiliate Westminster Management.<\/p>\n<p>Beech Street has already had quite a busy month. Yesterday the company announced that it had completed a $10.7-million Fannie Mae conventional loan for a repeat borrower&#8217;s financing of a 108-unit multi-family community in Castro Valley, California. Last week, news emerged that the company had closed $16.7 million of Fannie Mae conventional loans for three Connecticut assets owned by Equity Management Corp.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Beech Street Capital Inc. has provided the funding for the recapitalization of a 5,517-unit apartment portfolio in Maryland.<\/p>\n","protected":false},"author":969,"featured_media":1004536188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,11,21742],"tags":[],"class_list":["post-1004045590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Beech Street Closes $371M Loan Package for 5,517-Unit M-F Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/beech-street-closed-371m-loan-package-for-5517-unit-m-f-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beech Street Closes $371M Loan Package for 5,517-Unit M-F Portfolio\" \/>\n<meta property=\"og:description\" content=\"Beech Street Capital Inc. has provided the funding for the recapitalization of a 5,517-unit apartment portfolio in Maryland.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/beech-street-closed-371m-loan-package-for-5517-unit-m-f-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-08-14T16:42:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T20:31:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/beech-st.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"817\" \/>\n\t<meta property=\"og:image:height\" content=\"413\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beech-street-closed-371m-loan-package-for-5517-unit-m-f-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beech-street-closed-371m-loan-package-for-5517-unit-m-f-portfolio\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Beech Street Closes $371M Loan Package for 5,517-Unit M-F Portfolio\",\"datePublished\":\"2012-08-14T16:42:41+00:00\",\"dateModified\":\"2022-12-08T20:31:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beech-street-closed-371m-loan-package-for-5517-unit-m-f-portfolio\\\/\"},\"wordCount\":209,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beech-street-closed-371m-loan-package-for-5517-unit-m-f-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/05\\\/beech-st.jpg\",\"articleSection\":[\"Investment\",\"Mid-Atlantic\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beech-street-closed-371m-loan-package-for-5517-unit-m-f-portfolio\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beech-street-closed-371m-loan-package-for-5517-unit-m-f-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beech-street-closed-371m-loan-package-for-5517-unit-m-f-portfolio\\\/\",\"name\":\"Beech Street Closes $371M Loan Package for 5,517-Unit M-F Portfolio - 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