SAN LEANDRO, CA—GlobeSt.com has exclusively learned that Centerline Capital Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, has refinanced Terrace Garden Apartments here, and has also arranged Fannie Mae DUS loans for three multifamily properties in Oregon.
For the San Leandro, CA-deal, the company provided a full term interest only Fannie Mae loan in the amount of $5.5 million loan to refinance Terrace Garden Apartments, a property comprised of one, four-story apartment building and a one-story clubhouse.
Built in 1964, the property includes a total of 77 garden-style units situated on 2.19 acres of land. The unit mix includes 35 one-bedroom, one-bathroom units and 42 two-bedroom, one-bathroom apartments. Parking is provided on-site with 88 open parking spaces.
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