The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 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
Sacramento-Area Multifamily Property Refinanced with New Loan for $34 Mil

4/15/22

American Capital Group has locked up a $34 mil refi loan on Laguna Creek Apartments, a 160-unit, garden multifamily community in Elk Grove. The loan was provided by Hartford Investment Management Company.

Located at 8760 Center Pkwy and built in 2004 by American Capital Group, Laguna Creek contains a mix of one- and two-bedroom apartment units across two- and three-story garden-style buildings. The spacious units feature fully equipped kitchen, stylish kitchens with modern design and appliances, in-home washer and dryer, air conditioning, and pre-wired for high-speed internet. Select units also have private access garages.

On-site amenities include a clubhouse with fireplace and large screen TV, a state-of-the-art fitness center, swimming pool and spa, playground, a billiards and game room, and a built-in business center. There is also an electronic gated entrance to the community.

The location is nearby several amenities including multiple shopping centers and the Elk Grove Regional Park featuring a variety of outdoor activities and entertainment. The property also offers quick access to State Route 99 and proximity to Interstate 5, two major north-south freeways. The property was 97% occupied.

Dave Karson, Chris Moyer and John Spreitzer with Cushman & Wakefield represented American Capital Group in the transaction. According to Karson, American Capital Group is in the middle of a multimillion dollar capital improvement plan at the property.






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