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2150 West Hillcrest Drive

Updated Nov 18, 2025

Latigo Group Secures $54.7M Loan For Hillcrest Apartments Development In Thousand Oaks
FINANCEDDevelopment Site

Latigo Group Secures $54.7M Loan For Hillcrest Apartments Development In Thousand Oaks

2150 West Hillcrest Drive

$54,700,000

Units

333

Asset Type

Development Site

Closing

Jun 23, 2025

About this deal

AI

2150 West Hillcrest Drive is a development site located in Thousand Oaks, targeting a multifamily project. The asset involves a total loan amount of $54,700,000 secured for the construction of Hillcrest Apartments, which will consist of 333 residential units along with ground-floor retail space.

Summary of transaction details:

Mario Morales from Affinius Capital facilitated the preferred equity for the project, while Mark Maron and Scott Whittaker of The Latigo Group acted as the landlords. The financing arrangement was coordinated by broker Bercut Smith representing JLL, contributing financial expertise to the development of Hillcrest Apartments.

On the Map

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$54,700,000

Development Site

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Players

Bercut Smith

JLL

Broker

$1.3B

vol

9 deals

Broker
JLL
JLLBrokerage
Affinius Capital
Affinius CapitalLender
Bank OZK
Bank OZKLender
Scott Whittaker

Scott Whittaker

The Latigo Group

Landlord

$627.4M

vol

9 deals

Landlord
Bilt advertisement

Newbury Park Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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