Heather Ridge Apartments

Feb 19, 2019

Heather Ridge Apartments

$7,500,000 non-recourse cash-out refinancing

73-unit 1990’s- vintage apartment building

Orangevale, CA

Highland arranged a $7,500,000 non-recourse cash-out refinancing for Heather Ridge Apartments, a 73-unit 1990’s- vintage apartment building located in the Sacramento submarket of Orangevale between Interstate 80 and Highway 50. Highland identified a lender that provided significant cash-out up to 70% LTV, at a very low 10-year fixed rate. Back-end pre-payment flexibility was also included in this permanent loan.

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