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Legacy Homes Lands $86 Mil Refi on NoCal Res Community

5/29/20

Legacy Homes has obtained an $86.2 mil Freddie Mac refi loan on Aspire Apartments, a 348-unit apartment community in Tracy, a NoCal city roughly 20 miles southwest of Stockton. Aspire Apartments is located at 2725 Pavilion Pkwy, west of Coral Hollow Rd and north of I-205.

The Class A project, completed in 2019, offers residents a number of luxury amenities including a resort-style pool, fitness center, pet spa and stunning clubhouse. Other desirable features at Aspire include: bike racks; covered parking; dog park; outdoor cabana areas; free weights, high-speed Internet; outdoor theater; community garden; and more. The property is within walking distance to local shopping and dining options.

The 10-year loan was arranged by Todd Vitzthum, Simon Herrmann and Cody Field with Greystone Real Estate Advisors.




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