Ryan Lorenzini Secures $49.8M Loan For Silvergate Apartments Multifamily In Brentwood

The asset involved in the transaction is the Silvergate Apartments, located at 1290 Business Center Drive in Brentwood, CA. This multifamily property consists of 166 units and spans across 5 acres. A $49,800,000 loan was secured to refinance the property, retiring earlier construction debt.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $49,800,000
• Units: 166
• Acres: 5
• Landlord: Ryan Lorenzini
• Brokers: Tom Dao & Erinn Cooke - Gantry
• Loan Terms: 35-year, fixed rate, non-recourse

Tom Dao and Erinn Cooke from Gantry facilitated the arrangement of the loan on behalf of a private real estate investor. The financing is backed by HUD and is structured to support the long-term financial strategy for the property.