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10300 La Hacienda Avenue
FINANCED

NorthMarq Facilitates $60M Refinance For 284-Unit Multifamily Properties In Orange County

10300 La Hacienda Avenue

MultiFamily
clock iconFinanced 45 days ago
Joe Giordani
Brendan Golding
Alex Kane
+ 2
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Summary

Loan
CALIFORNIA
MultiFamily

The refinancing of two multifamily properties in Orange County by Advanced Real Estate has been successfully completed. The properties, Serena Vista Apartments in Fountain Valley and Villa del Sur in Santa Ana, total 284 apartments with various floor plans. The $60 million financing was arranged through Freddie Mac Optigo seller-servicer platform. The loan was structured as permanent, fixed-rate loans on 10-year terms with full-term interest-only payments.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $60,000,000
  • Units: 284
  • Address: 10300 La Hacienda Avenue & 2701 Mcfadden Avenue
  • Market: Fountain Valley & Santa Ana
  • Lender: Freddie Mac Optigo
  • Landlord: Richard Julian - Advanced Real Estate
  • Brokers: Alex Kane, Alvin Cao, Brendan Golding & Joe Giordani - NorthMarq
  • Loan Type: Refinance
  • Loan Terms: 10-year terms with full-term interest-only payments

NorthMarq played a key role in facilitating the financing deal for Advanced Real Estate. The brokers involved in the transaction were Alex Kane, Alvin Cao, Brendan Golding, and Joe Giordani from NorthMarq. Richard Julian from Advanced Real Estate acted as the landlord in this successful refinancing of the multifamily properties in Orange County.

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Joe Giordani's profile picture
Joe Giordani
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Senior Vice President

Details

Deal Summary
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FINANCED
IMAGE: 06/06/2024 ADDRESS: 10300 La Hacienda Avenue & 2701 Mcfadden Avenue MARKET: Fountain Valley & Santa Ana ASSET TYPE: Multifamily ~ UNITS: 284 LENDER: Freddie Mac Optigo LANDLORD: Richard Julian - Advanced Real Estate BROKERS: Alex Kane, Alvin Cao, Brendan Golding & Joe Giordani - NorthMarq LOAN AMOUNT: $60,000,000 LOAN TYPE: Refinance LOAN TERMS: fixed-rate loans were structured on 10-year terms with full-term interest-only payments NOTE: Northmarq arranged $60 million in financing through Freddie Mac Optigo seller-servicer platform for the refinancing of two multifamily properties in Orange County by Advanced Real Estate. Structured with permanent, fixed-rate loans on 10-year terms with full-term interest-only payments, the refinancing covers Serena Vista Apartments in Fountain Valley and Villa del Sur in Santa Ana, totaling 284 apartments with various floor plans.

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Address10300 La Hacienda Avenue

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