ORANGE COUNTY, CA–Michael Elmore, executive vice president and managing director of NorthMarq's Los Angeles regional office arranged refinancing of $143.4 million for eight individual apartment loans. These conventional market multifamily properties contain a total of 1,226 units.
The two largest loans, totaling $86,819,000 on Villa Del Sol, located in Santa Ana, and Yorba Linda Pines, located in Yorba Linda, were placed for the borrower by NorthMarq through its affiliate AmeriSphere multi-family finance, LLC.
The six other loans, totaling $56 million were placed with a national bank.
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.