Eagle Rock lands $200M refi for multifamily portfolio

The eagle has landed — with a $200 million package to refinance four multifamily properties in the Northeast. 

Eagle Rock Properties secured the loan for its 1,300-unit portfolio, the Commercial Observer reported. The breakdown of the individual loans, which come at a precarious time for multifamily property owners across the country, was not immediately available.

The properties covered by fixed-rate loans with full-term interest-only payments were the Ramblewood Village Apartments at 1190 South Church Street in Mount Laurel, New Jersey and the Mid-Island Apartments at 35 Penataquit Avenue in Bay Shore, Long Island.