Prudential Refinances Chula Vista Project

SAN DIEGO-Prudential provides $94.1 million in financing for South County apartment complex.

By Randyl J. Drummer | August 16, 2000 at 01:01 AM

R&B, a division of Oakwood Worldwide, took the Fannie Mae first mortgageloan and mezzanine financing to refinance the 500-unit Marbrisas I and IIcomplex as well as The Crest at Phillips Ranch, located in the LA County community of Pomona. Both properties were more than 96% occupied at the time the loan closed.

Prudential Multifamily Mortgage Inc. and Prudential Carbon Mesa workedtogether to originate the senior debt as a Fannie Mae loan, and the mezzaninefinancing on behalf of Chase Capital Partners.

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