Laurel
REAL ESTATE
NewPoint Provides $22.3M in Freddie Mac Workforce Housing Preservation Financing for Maryland Multifamily Communities Tudor Place and Canonbury Square Apartments
NewPoint Real Estate Capital has provided $22.3 million in Freddie Mac Workforce Housing Preservation financing to NOVO Properties to refinance Tudor Place Apartments and Canonbury Square Apartments – neighboring garden-style multifamily communities located in Takoma Park, Maryland. The refinancing was originated by Martin Fayer, Senior Managing Director at NewPoint....
An Innovative Financing Model for Affordable Housing
The Laureate affordable housing project in Derwood, Md. North of Washington, D.C., and southwest of Baltimore, Montgomery County in Maryland represents both ends of the country’s economic divide. It’s one of the country’s wealthiest counties—and also a county where about one-fifth of households make less than $50,000 a year.
Eastern Union brokerage bolsters Mid-Atlantic presence
Eastern Union, a national commercial real estate finance firm, has announced the addition of Alex Carroll (pictured) as a broker in its mid-Atlantic regional office in Bethesda, Md. Carroll will primarily focus on business development and commercial mortgage origination, working under the supervision of senior managing director Marc Tropp. Tropp,...
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