The $87,000,000 Fannie Mae Green Mortgage loan carries a 12-year term, a low fixed interest rate, five years of interest-only payments, and a 30-year amortization period. The Property has received Energy Star Certification for the Green Building Certification. This certification recognizes the top 25% of the most energy-efficient buildings within its class.
Originally built in 1968, The Glendale Residence Apartments is a garden-style apartment community in Lanham that offers 486 one-, two-, and three-bedroom units with modern appliances and finishes, in-unit washer/dryers, walk-in closets and private outdoor living spaces. Residents can also enjoy the pet-friendly community’s swimming pool, picnic and playground area, and on-site parking. The property is located near the Greenway Shopping Center Beltway Plaza, and offers convenient access to local schools, employers, shopping and entertainment, as well as to the Goddard Space Flight Center and The University of Maryland.