Jordan Kaplan Secures $1.07B Refinance For Multifamily Portfolio Across Southern California And Honolulu

Multifamily Portfolio encompasses nine multifamily properties totaling 3,099 units, primarily located in Southern California and one in Honolulu, Hawaii. The transaction involves a loan amount of $1,070,000,000, designated for refinancing the properties. The new loans replace a previous $930,000,000 in debt that was set to mature between 2027 and 2029 and will now extend maturities to 2030.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,070,000,000
• Lender: Fannie Mae
• Landlord: Jordan Kaplan - Douglas Emmett
• Broker: Allan Edelson - Walker & Dunlop
• Units: 3,099
• Market: Southern California & Honolulu, Hawaii
• Loan Type: Refinance

Jordan Kaplan, representing Douglas Emmett, is the landlord involved in this refinancing transaction, while Allan Edelson from Walker & Dunlop acted as the broker facilitating the loan arrangement through Fannie Mae's DUS program. The refinancing strategy allocates $941,000,000 towards eight Southern California properties and $127,700,000 for the asset located in Honolulu.