The Artisan Crossing apartment complex, located at 1325 Old County Road in Belmont, features 250 multifamily units. A construction takeout refinancing loan of $105 million has been issued for this property in the Bay Area, with a floating-rate structure, an initial term of three years, and two one-year extension options.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $105,000,000
• Market: Belmont
• Units: 250
• Lender: Jon Miller - Värde Partners
• Landlord: Jamie D'Alessandro & Tod Spieker - Windy Hill Property Ventures
• Broker: Chris Gandy & Tom Gilliland - JLL
• Loan Terms: floating-rate, three-year initial term with two one-year extension options

Jon Miller represents Värde Partners as the lender providing financial support for the property. Windy Hill Property Ventures, represented by Jamie D'Alessandro and Tod Spieker, is responsible for the management of the Artisan Crossing complex. The loan originated through the efforts of brokers Chris Gandy and Tom Gilliland of JLL, facilitating the refinancing process to support the property's lease-up.