Agency Lending Team Closes $35.8 Million Loan on 11 Property Portfolio (Fannie Mae DUS)

The Agency Lending & Affordable Housing team of Romer Debbas LLP represented a prominent lender in the closing of a portfolio of 8 supplemental loans in the aggregate sum of $35.8 million originated under the Fannie Mae DUS Supplemental Loans program.  The loans encumbering 11 properties and covering an aggregate of 1,463 residential units are located in Massachusetts and New Hampshire.   Currently, 4 of the 169 residential units at one of the Massachusetts properties are subject to rent and income restrictions pursuant to a Regulatory Agreement required under the local municipality affordable housing program, administered by the Massachusetts Department of Housing and Community Development.   The transaction led by Carmen I.  Pagan, Esq., Partner and Head of our Agency Lending & Affordable Housing practice, closed on January 28, 2022.