Peterkort Residential obtains $97.2 million HUD-insured green financing

By Rebecca Melvin

Concord, N.H., Feb. 16 – Peterkort Residential I LLC has obtained a $97.2 million HUD-insured green loan from Greystone, a commercial real estate finance company, according to a press release Wednesday.

The loan carries a 35-year term and amortization, with 65% loan-to-value ratio. It will be used to refinance a 506-unit multifamily property in Oregon and will enable the property to qualify for a 25-basis points reduction in mortgage insurance premium for achieving green standards.

The real estate company is based in Portland.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.