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

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.