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2/05/26
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Tuscaro Apartment Homes, a 296-unit, garden-style apartment complex in Sacramento’s Natomas neighborhood, was refinanced with a new permanent loan for $30 mil. The asset is owned by a private real estate investment group.
Located in a suburban district in the city’s northwest quadrant, Tuscaro provides efficient access to downtown and the city’s I-5 and I-80 freeways. The property also offers ready access to nearby parks and lakefront trails and the area’s major retail center.
Tuscaro consists of a mix of one-, two- and three-bedroom units in 19 buildings. Onsite amenities for the stabilized, gated community include a clubhouse, pool and spa, and fitness center.
Gantry’s Blake Hering, Kristin Lapinskas and Abi Hunter arranged the new financing. The seven-year, fixed rate, non-recourse loan was funded through a life company lender and features 30-year amortization. Gantry will service the loan for the lender.
“This borrower has developed a fabulous relationship with one of our correspondent life insurance companies,” commented Hering. “Life company loan programs can often be a compelling option for stabilized properties with features like forward rate lock, streamlined underwriting and attentive service positioning them as a go to resource for legacy multifamily assets.”
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