(Mark Your Calendars: RealShare Apartments 2011, October 20 in Los Angeles).
LOS ANGELES-The owner of a 12-building, 299-unit portfolio of apartments in the San Fernando Valley has refinanced the properties with $26.9 million in fixed-rate financing arranged by Centerline Capital Group. Centerline's Rick Warren, Irvine, CA-based managing director of mortgage banking, tells GlobeSt.com that the new financing includes 12 separate loans ranging from $1.3 million to nearly $3.7 million funded through its subsidiary, Centerline Mortgage Capital.
The deal was put into place by the Small Loan Group of Centerline that specializes in providing Fannie Mae small loan financing on stabilized multi-family and mobile home communities nationwide. Centerline's Small Loan Group is headquartered in Irvine and focuses on deal sizes between $1 million and $5 million.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
