Bonnani Development Secures $108.38 Million Loan For 300-Unit Multifamily In Stanton

The transaction involves a 300-unit multifamily property located at 12736 Beach Boulevard in Stanton, CA. The asset includes high-end amenities, ground-floor retail, and is situated near major Orange County transit routes. The loan amount secured for this financing is $108,380,000, comprising an $88.38 million loan from Freddie Mac and $20 million in preferred equity. The asset is developed by Bonnani Development.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $108,380,000
• Lender: Freddie Mac
• Landlord: Bonnani Development
• Brokers: Alex Gregoire & Tom Kenny - Bellwether Enterprise (BWE)
• Loan Terms: 5-year fixed-rate term with interest-only payments
• Units: 300

Alex Gregoire and Tom Kenny, representatives from Bellwether Enterprise, played a crucial role in securing the financing for the project. The deal aligns with the strategic focus of their agency on multifamily properties and showcases their expertise in managing significant financial transactions within the real estate market.