FINANCED
Equity Residential Secures $350M Fannie Mae Credit Facility For Multifamily Portfolio
1 Saint Francis Place, 1101 Park Place, 2000 North Street Northwest, 285 8th Ave North & 13800 Newcastle Golf Club Road
MultiFamily
Financed 158 days ago
Summary
Loan
CALIFORNIA
MultiFamily
Equity Residential has secured a $350 million, 10-year Fannie Mae credit facility from Regions Bank for its five Class A mid-rise communities, totaling 1,623 units across the U.S. The portfolio includes properties in Washington, D.C., Seattle, and the San Francisco area.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $350,000,000
- Loan Type: Refinance
- Loan Terms: fixed-rate, 10-year
- Lender: Regions Bank
- Landlord: Equity Residential - Mark Parrell
Equity Residential has successfully secured a $350 million, 10-year Fannie Mae credit facility from Regions Bank for the refinancing of its five Class A mid-rise communities. These communities consist of a total of 1,623 units located in Washington, D.C., Seattle, and the San Francisco area.
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Details
FINANCED
IMAGE: Mark Parrell
DATE: 12/04/2023
ADDRESS: 1 Saint Francis Place, 1101 Park Place, 2000 North Street Northwest, 285 8th Ave North & 13800 Newcastle Golf Club Road
MARKET: San Francisco & San Mateo, CA; Washington DC; Newcastle & Seattle, WA
ASSET TYPE: Multifamily ~ UNITS: 1,623
LENDER: Regions Bank (@RegionsBank)
LANDLORD: Equity Residential (@EquityRes) - Mark Parrell
LOAN AMOUNT: $350,000,000
LOAN TYPE: Refinance
LOAN TERMS: fixed-rate, 10-year
NOTE: Equity Residential secures a $350 million, 10-year Fannie Mae credit facility from Regions Bank for its five Class A mid-rise communities, totaling 1,623 units across the U.S. The portfolio includes properties in Washington, D.C., Seattle, and the San Francisco area.View on map
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Address1 Saint Francis Place, 1101 Park Place, 2000 North Street Northwest, 285 8th Ave North & 13800 Newcastle Golf Club Road
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