600 unit, four-property multifamily portfolio located in Northern CA.
Antelope, Rocklin, Sunnyvale, and Orangevale, CA
HRC arranged $39 million in fixed-rate agency debt to refinance an existing credit facility encumbering all four assets. Structured as four new loans, the new financing allowed an existing low-cost credit line to remain in-place for the Borrower’s future use. The new financing carries an 11-year term with 30-year amortization.