Northern CA Multifamily Portfolio

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Property:

600 unit, four-property multifamily portfolio located in Northern CA.

Location:

Antelope, Rocklin, Sunnyvale, and Orangevale, CA

Financing:

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.

Skills

Posted on

July 28, 2015