Park Royal Apartments

Feb 21, 2019

Park Royal Apartments

$21,000,000 non-recourse cash-out refinancing

73-unit 1950’s- vintage apartment building

San Mateo, CA

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.

Skip to content