Willow Creek Apartments
$18,500,000 non-recourse cash-out refinancing
107-unit 1980’s- vintage apartment building
Poway (San Diego), CA
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.