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1/15/18
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Watermarke Properties Inc has obtained $145.68 mil in combined financing for four multi-housing properties totaling 930 units in various California locations.
The portfolio includes: Adagio on the Green, located at 26600 Oso Pkwy in Mission Viejo (256 units); One11 Apartments, located at 111 W. Harrison St in Corona (178 units); and Park Place at Fair Oaks, located at 9800 Fair Oaks Blvd (288 units), and Hazel Ranch Apartments, at 8842 Winding Way (208 units), in the Sacramento County Community of Fair Oaks.
Greg Brown of HFF arranged the financing in four separate 10-year, fixed-rate loans placed with Freddie Mac’s CME Program. The securitized loans will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.
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