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• Historic Fairmont San Francisco Lands $150 Mil Refi
12/03/20
The historic, 606-key Fairmont San Francisco has been refinanced with a new loan for $150 mil. The iconic hotel, listed on the National Register of Historic Places, is owned by an affiliate of Mirae Asset Global Investments.
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• Two Sacramento Multifamily Properties Refinanced in Transactions Totaling $42.6 Mil
12/03/20
Two Sacramento area multifamily properties were refinanced in separate loan transactions totaling $42.6 mil. The deals were arranged by Greystone Real Estate Advisors’ Todd Vitzthum, Simon Hermann and Cody Field on behalf of ...
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• EPI Limited Partnership Wraps Up 300-Unit AZ Res Buy
11/30/20
EPI Limited Partnership has acquired Riata, a 300-unit, Class A multifamily community in Chandler, AZ. Although we don’t have the purchase price, we can tell you that the acquisition was financed with a loan for $43 mil.
Bui...
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• Glencrest Group Buys 106-Unit Multifamily Property in NoCal
11/25/20
Berkshire Laurel Creek, a 106-unit, garden-style multi-housing property in the northeastern San Francisco Bay Area, was acquired by Glencrest Group. The deal was financed with a $19.11 mil Freddie Mac loan.
Located at 2751 P...
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• Janone Development Starts Work on 39-Unit Res Project Adjacent ot L.A.’s Koreatown
11/20/20
Los Angeles-based Janone Development has begun work on a six-story, 39-unit apartment project in Los Angeles. The project is being financed with a $16.6 mil construction loan provided by Parkview Financial.
The development i...
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• Commercial Real Estate Financing Briefs
11/19/20
CBRE CAPITAL MARKETS DEBT & STRUCTURED FINANCE - Dana Summers, Doug Birrell, Robert Ybarra, Bruce Francis and Shaun Moothart with CBRE arranged a $39.7 mil loan for the purchase of two multifamily properties in Phoenix, The V...
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• Pacific West Communities Lands Tax-Exempt and Taxable Bond Financing for 75-Unit Res Project in Brawley, CA
11/13/20
Pacific West Communities, out of Idaho, has obtained $22 mil in tax-exempt and taxable bond financing for the $28.7 mil construction of a 75-unit affordable housing property in Brawley, CA. The financing was provided by Ameri...
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• Res Project North of DTLA Secures $37 Mil in Construction Financing
11/03/20
Parkview Financial has provided construction funding of $37.3 mil for a 112-unit residential development in the Elysian Valley of Los Angeles, just north of Downtown by Glassell Park. The project, a joint venture of River She...
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• Phoenix Multifamily Property Lands $21.3 Mil Refi
10/30/20
Next Wave Investors locked up a $21.285 mil refi loan on Westover Parc, a 160-unit, multi-housing property in Phoenix. Jamie Kline, Charlie Vorsheck and Tim Brousse with JLL arranged the 10-year, floating-rate loan through Fr...
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• Nakhshab Development & Design Obtains Refi Loan on San Diego Res Project
10/29/20
Nakhshab Development & Design (NDD) has secured a $10.25 mil refi loan for Truax Lofts and Truax House, a newly constructed, 36-unit, modern residential community built with eco-friendly materials in San Diego’s Bankers Hill ...
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• Acquisition of Two SoCal Properties Financed with $28.3 Mil Loan
10/20/20
An unnamed, high-net-worth investor has obtained $28.3 mil in financing for the purchase of two SoCal properties, one a medical office building in Tustin, and the other an industrial property in San Diego. The assets had a co...
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• ELK Development Locks in $14 Mil for Development of Hollywood Micro-Unit Res Project
10/19/20
ELK Development has secured $14.1 mil in construction financing for an 86-micro-unit development located in the Hollywood opportunity zone census tract. Construction of the project, located at 502 S. Harvard, north of Wilshir...
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• Watt Investment Partners-Led Venture Secures $70 Mil on Two Office Buildings in the Culver City Area
10/14/20
In a recent office financing transaction, a venture between Watt Investment Partners and an unidentified institutional investor has obtained a $70 mil refi loan on two recently renovated office properties in the Culver City a...
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• The Luzzatto Company to Renovate Industrial Property in L.A.’s West Adams District into Creative Office Space
10/13/20
The Luzzatto Company Inc has locked in $48.7 mil in construction financing for Exposition 3, a 94.1k sf, creative office property that when complete will serve as the new headquarters for a fast growing company in Los Angeles...
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• CAI Investments LLC Buys Harrah’s Hotel and Casino in Reno with $26 Mil Loan Arranged by Highland Capital
10/08/20
CAI Investments LLC has acquired the Harrah’s Hotel and Casino in an opportunity zone in downtown Reno.
CAI plans on redeveloping the 1.3 msf, 900-room, two tower hotel and casino/commercial space into 528 multi-family uni...
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• CRE Development Investments Starts Work on 115-Unit Denver Multifamily Development
10/06/20
CRE Development Investments has begun work on Art District Lofts, an eight-story, 115-unit res development located at 1275 Santa Fe Drive in Denver, CO. Construction of the project, which also includes 2.6k sf of ground-floor...
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• Seattle Seniors Housing Property Refinanced with $13.9 Mil HUD-Insured Loan
10/01/20
The Savoy at Lake City Senior Living, an 80-unit, seniors housing complex in Seattle, was refinanced with a $13.9 mil HUD-insured loan. The property, constructed in 2017, is owned by Lake City Project Associates LLC.
The Sa...
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• San Jose Mobile Home Community Lands $52 Mil Fannie Mae Refi Loan
9/23/20
Chateau La Salle, a mobile home community in San Jose, was just refinanced with a new, $52.25 mil Fannie Mae loan. Built in 1980, the property consists of 434 pads set across 58 acres of well-manicured grounds. The loan was a...
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• Pacific Heritage Communities Locks Up $54 Mil in Permanent Financing on New Ventura Res Community
9/22/20
Pacific Heritage Communities has secured a $54 mil permanent loan on Parklands Apartments, a newly completed 173- unit multifamily community in the city of Ventura.
Located at 10940 Bajo Rd, at Telegraph Rd, a few blocks fro...
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• R&V Management Buys 129-Res Property in San Diego’s Downtown Area
9/21/20
An affiliate of San Diego-based R&V Management has acquired AV8, a 129-unit multifamily property in the city’s Little Italy neighborhood. The purchase was financed with a loan of $43 mil.
Located at 2175 Kettner, AV8 was ori...
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