Eastern Mortgage Capital Funds $21.5 Million Loan for Fresno, CA Apartment Complex

Burlington, MA, August 21, 2025 – Eastern Mortgage Capital has provided $21,548,000 in permanent financing for The Rousseau, an 84-unit apartment complex located in Fresno, CA.

EMC Vice President Peter Tousignant noted that, “We were delighted to execute a cash out refinance for one of the region’s premier multifamily developers. We were also extremely pleased with HUD’s quick turnaround time in underwriting the loan.” As with all Eastern Mortgage Capital loans, the financing package is fully non-recourse to the borrower with no carve-outs, is assumable, and includes a step-down pre-payment (no yield maintenance or defeasance) that expires after 10 years.

Eastern Mortgage Capital (www.easternmortgagecapital.com) is a direct nationwide MAP lender focused on providing FHA-insured financing nationwide for apartments, assisted living properties, and skilled nursing facilities. EMC is based in Burlington, MA and obtained FHA mortgage insurance under the 223(f) program to deliver the 35-year fixed rate non-recourse financing.