The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 21, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Orange County Multifamily Portfolio Lands $225 Mil in Financing


A long-time OC-based multifamily owner/investor has obtained $224.7 mil in financing for a six-property, 1,192-unit multifamily portfolio in Orange County. Five properties in the portfolio were refinanced in order to secure equity for the acquisition of the sixth property, the Regency Palms in Huntington Beach.

Three of the properties, totaling $90.7 mil in loan proceeds, were financed through a life company. The other three, including the acquisition, totaled about $134 mil and were financed through Fannie Mae. The six individual loans were all non-recourse, permanent transactions with fixed rates. The loans have between five- and ten-year terms with thirty-year amortization periods, with the agency loans having initial interest-only payments.

Jason Krupoff and Doug Taylor with BWE originated the loans on behalf of the borrower.

The refinancing and acquisition come as Orange County’s multifamily housing market shows strong fundamentals with little new supply and steady rent growth. The area’s coastal location and proximity to Los Angeles proper, access to high-quality schools and employment, and wide range of amenities make it an ideal location for renters and developers alike. The lone acquisition in the portfolio, the 310-unit Regency Palms, is situated along the coastline and is adjacent to ample retail offerings.

Return to the Archive page




Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media