Willow Creek Apartments

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Willow Creek Apartments

PROPERTY:

Willow Creek Apartment – 107 Units

LOCATION:

Poway (San Diego), CA

FINANCING;

Highland arranged an $18,500,000 non-recourse cash-out refinancing for Willow Creek Apartments, a 107-unit 1980’s- vintage apartment building located in the San Diego submarket of Poway between off Interstate 15. Highland identified a lender that provided significant cash-out up to 65% LTV, at a very low fixed rate. Back-end pre-payment flexibility was also included in this permanent loan.