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June 24, 2024
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Universe Holdings Lands Refi of $30 Mil on San Fernando Valley Multifamily Community


Universe Holdings has secured a refi loan of $30.3 mil on Nantucket Creek, a 172-unit, garden-style, age-restricted (55+) apartment community in the San Fernando Valley community of Chatsworth.

Nantucket Creek comprises one- and two-bedroom units ranging from 623 sf to 1.1k sf. Apartments feature individual heating and air, gas ranges, hardwood floors, large closets, high ceilings and private patios/balconies. The community features a clubhouse, billiards room, shuffleboard court, pool table, fitness center, library, recreational room, walking trails, horseshoe pit and more.

Located at 9225 Topanga Canyon Blvd, the community is conveniently located along CA-27, providing access to local retail and dining centers, as well as Chatsworth Dry Lake Nature Preserve and West Hills Hospital and Medical Center.

Charles Halladay, Jonah Aelyon and Elle Miraglia with JLL Capital Markets arranged the 10-year, fixed-rate loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital LLC, a Freddie Mac Optigo℠ lender. Proceeds from the loan also provided a return of equity to Universe’s balance sheet.

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