|
|
3/06/17
|
PTLA Real Estate Group has secured $10.525 mil on two Walnut Creek, CA apartment communities that it owns, Vista Terrace and Oak Terrace. Tom Wilson and director Chris Gandy with HFF arranged the two separate transactions through a national bank lender. Both properties are secured by seven-year, fixed-rate loans.
Vista Terrace is located at 1355 Mount Pisgah Rd, just east of numerous retail, dining and entertainment amenities in downtown Walnut Creek. The property is also convenient to nearby transit options, including I-680 and the Walnut Creek BART station.
The 40-unit property offers a mix of one-, two- and three-bedroom floor plans. In addition to its prime location, Vista Terrace offers amenities, including a landscaped courtyard, private balconies, stainless steel appliances and newly renovated designer interiors.
Oak Terrace is located one mile west of Vista Terrace at 1414 Oakland Blvd. The property is just east of I-680 and to the south of the Walnut Creek BART station. The property has eight two-bedroom units averaging 750 sf each. The property was most recently renovated in 2016 and was 100 percent leased as of closing.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
