Doug Nickerson, Nickerson Financial Corporation, Mashpee Massachusetts is pleased to announce the placement of a loan in the amount of $2,282,000 on the Meadowbrook Estates Apartments.

    Fulton, New York, Doug Nickerson, Nickerson Financial Corporation, Mashpee Massachusetts is pleased to announce the placement of a loan in the amount of $2,282,000 on the Meadowbrook Estates  Apartments on behalf of the owner Meadowbrook Estates Associates LP. The property is managed by the MB Management Company; Braintree, Massachusetts, and. is an 84 unit apartment complex consisting of seven wood framed two story buildings located on approximately 27.49 acres of land. The complex was constructed in 1986. Each building contains 12 apartments, 18 of the 84 apartments are designated as affordable, and the unit mix is comprised of one and two bedroom apartments. Additional amenities include an outdoor swimming pool and a

   Doug Nickerson stated, “We were fortunate that Ellen Kantrowitz and Dorothy Corbeil, the loan officers at CWCapital, understood the complexities of the transaction. The combination of their efforts and that of Kevin Baptista of MB management resulted in a successful closing”

The $2,282,000, HUD 223F loan has a 5.75% rate, fixed for the 35 year term.