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Greystone Secures $68M for Maryland Property
The loan for the suburban community included funds from Fannie Mae’s Green Financing suite. Feb192021
Regency Pointe.
Greystone has arranged two loans totaling $68 million on behalf of Quantum Equities for Regency Pointe, a 595-unit multifamily property in Prince Georges County, Md. The first, $65.9 loan was part of Fannie Mae’s Green Financing solutions for multifamily properties, while the second, for $2.1 million, was a mezzanine loan. Both loans carry a 12-year term and 30-year amortization.
The financing served for the acquisition along with ongoing renovations at the property. According to Yardi Matrix data, Quantum acquired the asset from Turner Impact Capital at the beginning of the year for $80 million. The asset last traded in 2015, for $56 million.
50 at noon. by noon 80 degrees and only for a high of 65 degrees. beautiful weekend on tap. more in a few minutes. angie? looking forward to it. thank you. we begin with a traffic alert in takoma park. a tree in the roadway is taking away 410 in both directions between see star and park avenues. the way to get around it is to use piney branch over to 195 and reverse it if you are going westbound. take you out and zoom in to the beltway. move it outside and show you how everything is clean and green. drivers are moving at speed. here s your live shot to prove that. this is the live condition at university boulevard. back to our maps. we next take you over to 270 southbound. if we can get back to the graphics and zoom in. no problems. we will move it outside on the southbound lanes out of frederick, all the way do to the spur. to the spur. coming up, a realtime look at the dulles toll road in virginia. police are searching for a serial burglar in northern virginia. so far
low pressure. that s off the coast of upstate new york now. we are feeling the affects of that and therefore the temperatures, with some clouds, have been slower to drop. they will get cooler tonight of course. look for some sunshine, the possibility of a stray shower is with us but again most of us will be dry today. temperatures about a high of 65. let s look at the traffic right now. what we have as andrea mentioned is a tree in the roadway in titanic park. 410 is closed between park avenue and cedar avenue. we will let you know when lanes open up. notice the beltway, move outside. everything is nice and green out here. everyone is moving at speed north of the district. live shot at university. back to the maps, 95 and the bw parkway, no problems to report baltimore to the beltway. in virginia, 66, we are tracking it, heading eastbound looks like drivers are moving at speed from mass transit to the beltway. 95 northbound from fredericksburg through dumfries and the mix
matt ackland has more. reporter: on that day, the explosion was so huge that it damaged six businesses here at the penn mar shopping center in forestville and has been rebuilt here. most of the businesses have relocated to the other side of the shopping center. it s hard to forget this video. a massive explosion caught on camera. at the time, neighbors told fox 5 that the blast could be felt several blocks away. glass and all the bricks are coming out like big blow, you know? i live three blocks away and i felt it. my house shook. reporter: authorities say it was a buildup of natural gas inside the building and then a spark that caused the explosion. it took only 20 minutes from the time the 911 call was made until the shopping center exploded. tonight, things are looking better. the shopping center is a alive with customers again. ligha s pizza destroyed had a big grand reopening today and customers were happy to see it. we re excited that we have leto s back, at
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