Northern California Apartment Portfolio

Jul 28, 2015


922 class-B apartment units in 8 separate complexes


3 properties were located in the San Francisco Bay Area, and 5 were located in the Sacramento Region


A $50 MM Freddie Mac credit facility, with the bottom $40 MM fixed at an attractive rate and the top $10 million available as a credit line under a sub 165 spread variable rate structure. The unique structure accomplished three things for the Borrower; 1) it anchored a third of its portfolio at a market-low fixed rate, 2) it created a flexible credit line facility that provided a competitive advantage in acquiring properties, and 3) it provided a simple mechanism to handle future estate tax issues

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