Serrano Development Group Secures $27.8M Refinance Loan For Edgeway Apartments In Bellflower, California

The Edgeway apartment complex, located at 16411 Bellflower Boulevard in Bellflower, California, has secured a $27.8 million refinancing loan from Colliers Mortgage. The luxury community consists of 91 units, offering one to three-bedroom apartments. Completed in 2023, the property features various amenities including a pool, spa, business center, and fitness center.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $27,800,000
• Units: 91

The loan was secured by Jason Tolleson from the Serrano Development Group with representation from Bill Hyatt, Shahin Yazdi, and Jonathan Lee of Colliers International. This five-year refinancing loan will provide financial stability to the Edgeway apartment complex in Bellflower.