Park Royal Apartments

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Park Royal Apartments

PROPERTY:

Park Royal Apartments – 73 Units

LOCATION:

San Mateo, CA

FINANCING;

Highland arranged a $21,000,000 non-recourse cash-out refinancing for Park Royal Apartments, a 73-unit 1950’s- vintage apartment building located off El Camino Real in San Mateo. Highland identified a portfolio lender that provided significant cash-out up to 65% LTV for a 10 year fixed rate loan priced in the 3%’s.   Back-end pre-payment flexibility was also included in this permanent loan.

Skills

Posted on

February 21, 2019