Chicago, IL, September 25, 2008 --(
PR.com)-- Beacon Realty Capital, a commercial real estate financial services firm, arranged $1.34 million in permanent FHA 202 fixed-rate debt for an affordable apartment building located in Peoria, Illinois. Beacon arranged the high leveraged, non-recourse loan which includes a 35-year term and amortization. The long-term financing was arranged using Beacon’s correspondent FHA lender.
Beacon Realty Capital
Beacon Realty Capital is a Chicago-based national commercial real estate financial services company that arranges debt and equity financing for new and existing projects, advises on the acquisition and disposition of real estate assets, and provides commercial loan servicing for correspondents. Since its founding, the firm has closed debt and equity financings totaling more than $5 billion.
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