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6/18/25
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Presidio Capital Partners has obtained a $61 mil construction loan to finance the first phase of Park Center at Seven Oaks, a planned 520-unit multifamily community in Bakersfield. Upon completion, it will be the largest multifamily development in Kern County. Phase one will deliver 352 garden-style apartment homes.
This initial southern phase of Park Center Apartments – located at the southwest corner of S. Allen Rd and White Lane – will feature 17 residential buildings as well as leasing office, fitness center, and pool house. Of the 352 planned units, 152 will be one-bedroom/one-bathroom units and the remaining 200 will be two-bedroom/two-bathroom units. Unit amenities include quartz countertops, subway tile backsplash, white shaker cabinets, hardwood-style plank flooring, stainless steel appliances, in-unit washers and dryers, fiber optic internet, private patios, and nine-foot ceilings.
The property will include a full suite of resort-style community amenities. The common area will include 16.2k sf of interior amenity spaces, featuring a clubhouse with kitchen, lounges, co-working space, storage, mail room, fitness center with yoga studio, two pools, pergola-shaded BBQ patios, and fire pits, shared active-use turf area with cornhole, volleyball, and ping pong. The community will also include pet-friendly features, including a fenced dog run and on-site dog wash stations. A community bike trail bisecting the two phases of construction will provide access to the rest of Seven Oaks.
The Park Center Apartments will be a signature addition to Seven Oaks, a premier master-planned community in Bakersfield known for its upscale homes, neighborship shops, 27-hole championship golf course, and abundant recreational facilities.
The financing was arranged by Tom Turnage and Alex Gregoire with BWE. The four-year, floating-rate, interest-only construction loan offers a 12-month extension. It was provided by a regional bank.
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