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10/29/25
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In a recent Inland Empire multifamily trade, two communities totaling 203 units traded in a transaction valued at $41.1 mil ($202.4k/unit). The deal included Springbrook Park Apartments, a 120-unit multifamily property located at 1100 North Orange Street in Riverside, and Mayfield Park Apartments, an 83-unit multifamily property located at 345 West 41st Street in San Bernardino.
1100 North Orange St, Riverside |
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Mayfield Park Apartments includes 11 two-story buildings situated on 3.72 acres of land. The community features two- and one-bedroom floorplans, a fully equipped kitchen and modernized bathrooms.
Springbrook Park is situated on a 6.79-acre lot and offers a mix of one-, two- and three-bedroom residences. The community features a central laundry facility, fitness center, playground and basketball court.
CBRE’s Eric Chen, Blake Torgerson and Kevin Sin represented both the buyer and seller in the transaction. Ryan Wilkinson with CBRE’s Debt & Structured Finance team arranged $22.8 mil in acquisition financing and a $12 mil cash-out refinance for the buyer’s existing asset, The Oliver. The combined financing totaled $34.8 mil and allowed the buyer to complete the acquisition with only $6.3 mil in out-of-pocket capital.
Wilkinson said the financing strategy was designed to optimize leverage and liquidity for the client. “By combining tailored acquisition loans with a strategic refinance, we created a capital structure that minimized equity requirements while positioning the buyer for long-term success,” he added.
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