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1600 Orange Avenue, Redland...

Updated May 12, 2025

Principal Real Estate Investors Provides $93M Construction Loan For Multifamily Property In Redlands
FINANCEDMultiFamily

Principal Real Estate Investors Provides $93M Construction Loan For Multifamily Property In Redlands

1600 Orange Avenue, Redlands, CA, USA

$93,000,000

$283,536/SF

Building Size

328 SF

Asset Type

MultiFamily

Closing

Nov 9, 2021

About this deal

AI

The property involved in this transaction is a multifamily asset located at 1600 Orange Avenue in Redlands. The site spans 22 acres and contains a total of 328 units. The loan amount for this construction financing is $93,000,000, with a loan type defined as a construction loan featuring a 5-year, floating-rate term.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $93,000,000
  • Address: 1600 Orange Avenue
  • Market: Redlands
  • Acres: 22
  • Units: 328
  • Lender: Principal Real Estate Investors
  • Lender's Representative: Daniel J. Houston
  • Landlord: LuxView Properties
  • Broker: JLL
  • Loan Type: Construction
  • Loan Terms: 5-year, floating-rate

The deal involves key figures such as Daniel J. Houston representing Principal Real Estate Investors as the lender. LuxView Properties serves as the landlord in this transaction, with JLL acting as the broker facilitating the deal.

Players

Principal Real Estate Investors
Principal Real Estate InvestorsLender

Redlands MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $283.5K per square foot on a published $93M for 328 square feet (2021).

Browse California multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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