Romspen Provides $24.25M Acquisition Loan For 333 Multifamily Unit Development Site In Thousand Oaks

The development site located at 2150 W. Hillcrest Dr. in Thousand Oaks has been involved in a recent closed transaction. The property is a development site consisting of 333 multifamily units with a building square footage (BSF) of 315,684. The transaction took place on 03/24/2022.

Summary of transaction details

• Property Type: Development Site (333 Multifamily Units) ~ BSF: 315,684
• Loan Amount: $24,250,000
• Loan Type: Acquisition
• Lender: romspen''>Romspen
• Landlord: The Latigo Group
• Brokers: Bercut Smith, Charles Halladay, Chad Morgan & Ian Shapiro - JLL

The loan for the property amounting to $24,250,000 was provided by Romspen. The landlord in this transaction is The Latigo Group. The brokers involved in this deal are Bercut Smith, Charles Halladay, Chad Morgan, and Ian Shapiro from JLL.