Preston Partners, Inc. Announces Closing on Transactions Totaling $50 Million
March 29, 2007
Baltimore -- March 29, 2007 -- Preston Partners, Inc. Mortgage Banking Group announced today the closing on seven transactions totaling $50,450,000 during the first quarter of 2007. The transactions included retail centers in Parole, Maryland and Pasadena, Maryland, a Hampton Inn located in Hunt Valley Maryland, a Wingate Inn in Chantilly, Virginia and a Holiday Inn Express located in Flagstaff, Arizona, a condominium project in Newark, Delaware and a self storage facility in Cambridge, Maryland.
Greg Daniszewski, Executive Vice President, Preston Partners, Inc. Mortgage Banking stated that, “the continued compression of bond yield, coupled with increased maturities and sale activity has contributed to the success of our business early in the year.”