(Mark Your Calendars: RealShare Apartments 2011, October 20 in Los Angeles).

LOS ANGELES-Owners of apartment complexes totaling 2,635 units have financed them with more than $275 million in Freddie Mac loans arranged by the Los Angeles office of NorthMarq Capital. One borrower is Lake Forest, CA-based Advanced Real Estate Services, which refinanced a portfolio of 1,753 units in Southern California for $178 million, with cash out on all of the properties. The other deal was $97.1 million in acquisition financing for 882 units in Redmond, WA, for which NorthMarq did not name the borrower but a previous GlobeSt.com report and an announcement by the borrower identified it as a JV of Palo Alto-based Essex Property Trust called Wesco I LLC.

NorthMarq EVP and managing director Michael Elmore and SVP and senior director Ory Schwartz arranged both financings. Elmore tells GlobeSt.com that the ARES portfolio consisted of eight properties in Los Angeles and Orange counties and the Inland Empire that were refinanced with eight separate loans, not cross-collateralized, at interest rates ranging from 3.82% to 4.35%.