UrbanCore Development, E. Smith & Company, Oakland Economic Development Corporation & Red Stone Equity Partners Secure $153.6M Construction Loan For 387-Unit Multifamily Property In Elk Grove, CA

The multifamily property located at 10149 Bruceville Road in Elk Grove, CA has been involved in a closed transaction. The property spans across 16.73 acres and consists of 387 units.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $153,600,000
• Address: 10149 Bruceville Road
• Market: Elk Grove, CA
• Units: 387
• Acres: 16.73

The loan for this transaction was provided by Greystone, represented by Ken Rogozinski, and America First Multifamily Investors, represented by Frank Bravo. The loan amount was $153,600,000, and it was a construction loan with a 15-year term and a 40-year amortized facility.

The landlords involved in this transaction are UrbanCore Development, E. Smith & Company, Oakland Economic Development Corporation, and Red Stone Equity Partners.