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Pealmark Provides Mezzanine Loan for 311-Unit Multifamily Property in Hanover, Maryland
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Pealmark Provides Mezzanine Loan for 311-Unit Multifamily Property in Hanover, Maryland
HANOVER, MD. — Pearlmark has provided a mezzanine loan for the refinancing of Bristol Court Apartments, a 311-unit multifamily property in Hanover, roughly 12 miles south of Baltimore. Pearlmark originated the loan via its investment fund, Pearlmark Mezzanine Realty Partners VI LP. Benefit Street Partners provided the senior loan for the refinancing. Kevin Tehan of Columbia National Real Estate Finance LLC arranged the financing on behalf of the…
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