The asset involved in this transaction is a multifamily portfolio comprising seven properties located across multiple markets in California, including Martinez, Pleasant Hills, Canoga Park, Reseda, Hollywood, Santa Clara, and Covina. The total number of units in this portfolio is 582. The financing secured for these properties amounted to $75,400,000, with permanent, fixed-rate loans featuring terms from five to ten years and non-recourse provisions. The properties maintain an average occupancy rate of 95%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $75,400,000
• Units: 582
• Broker: Max Sauerman - Bellwether Enterprise (BWE)
• Markets: Martinez, Pleasant Hills, Canoga Park, Reseda, Hollywood, Santa Clara & Covina

Max Sauerman of Bellwether Enterprise represented the deal in securing financing for the multifamily portfolio. This financing arrangement showcases BWE's capability in handling significant loan amounts for multifamily assets, securing favorable terms for the properties involved.