|
|
2/21/25
|
88 Hillside Apartments, Daly City |
 |
|
CBRE - Mike Walker, Jesse Weber, Andrew Behrens and Brad Zampa with CBRE’s Debt and Structured Financing team arranged $25 mil in financing for 88 Hillside Apartments, a 95-unit multifamily community in Daly City, on behalf of Hines. Built in 2011, 88 Hillside consists of five buildings, totaling 109.3k sf. The community has large one-, two- and three-bedroom floor plans. Amenities include in-unit laundry, private balconies, smart home technology and outdoor community spaces. The property is currently 96% leased and includes 14,679 sq. ft. of retail space. The property is a short walk to Daly City BART and a five-minute drive to I-280, offering connections to San Francisco, the East Bay and inner Peninsula. It is also within 10 miles from leading employers in artificial intelligence, technology, finance and biotech. The five-year loan was provided by a life company.
METROGROUP REALTY FINANCE - MetroGroup Realty Finance’s Ivan Kustic arranged a $24 mil loan for the refinancing of a 228k sf, single-tenant, owner-occupied manufacturing facility located at 2200 S Reservoir St in Pomona. The fixed-rate, senior loan was funded through a Europe-based bank. The financing structure allowed the borrower to reduce their current interest expense while taking advantage of earned equity to create the liquidity to grow and expand into other product lines.
GANTRY - Mike Wood and Tim Brown with Gantry arranged a $9.5 mil permanent loan to refinance Columbia Crossings, a mixed-use special purpose property featuring three marinas, floating home moorage, self-storage facilities, a storage yard, and commercial space at separate locations on Portland’s Tomahawk Island with direct access to the Columbia River. The property encompasses three protected harbors – Tomahawk Bay, Jantzen Bay, and Hayden Bay – and features 399 boat slips, 56 floating homes, 210 self-storage units, a 7.2-acre storage yard, and 16.3k sf of commercial facilities including a fueling station. The five-year loan was funded through a regional bank with an attractive fixed rate and full-term interest only.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
