The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





MULTIFAMILY NEWS
Printer-friendly Version   Email an Associate
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 from the confluence of the 118 and 126 freeways, Parklands offers a mix of one-, two- and three-bedroom units in seven different floorplans. The apartments include gourmet entertaining kitchens, stainless steel appliances, convection ovens and more.

Parklands Apartments features views of the nearby mountains and surrounding farmlands. Community amenities include: a rooftop retreat with fire pits, BBQs and refrigerator; an event lounge with gaming room and billiard table; multiple social gathering spaces; a highly amenitized clubroom; and a fitness center.

The financing was arranged Gary M. Tenzer and Antonio Hachem with George Smith Partners. The non-recourse loan has a 3.01% fixed rate for a 15-year term with seven years interest-only, at 70% LTV.





Return to the Archive page
 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media