$16,000,000
Cash-Out Refi Perm Debt
72-Unit Multifamily Property
San Diego, CA
Highland Realty Capital procured $16M in cash-out perm debt for Montecito Point Apartments, a 72-unit, late 1980’s-vintage, multifamily property located in San Diego, CA. Loan proceeds were used to help fund the sponsor’s ongoing acquisitions. Highland was able to provide the Sponsorship with a perm loan featuring a 7-year fixed term, priced in the high 2%’s